Daily digest / NIFTY 50 / 2026-10-28 · this week
NIFTY 50 · Wednesday 28 Oct 2026 · close
22,703 -47.1 (-0.21%)
2nd straight down dayExpiry Tue 3 Nov · 4 sessions

Early rally, gains trimmed into the close

NIFTY 50 opened with a 143-pt gap down at 22,607. NIFTY 50 climbed 280 pts from 22,503 at 10:30 to 22,783 by 13:00 IST. Put writers added the most fresh OI at 22,500 (+28.9 L), right where the low held. Call writers built positions at 22,700–23,350, led by 23,000 (+22.7 L). Max pain moved from 22,750 to 22,700, following price down. PCR rose from 1.01 to 1.05.

Spot Max pain 22,500 support PCR 15-min · IST
Open22,607
High · 13:0022,798
Low · 10:2222,487
Avg PCR0.97
Max pain22,700

Key levels into expiry

23,500 Call wall · 79.1 L OI resistance
23,350 Fresh calls +19.8 L cap
23,000 Fresh calls +22.7 L cap
22,703 Close ●
22,700 Max pain magnet
22,600 Fresh puts +26.0 L support
22,500 Fresh puts +28.9 L · held the low support
22,000 Put wall · 73.6 L OI floor

Where writers added today

23,000
+22.7 L
22,700
+21.6 L
23,350
+19.8 L
22,500
+28.9 L
22,600
+26.0 L
22,000
+23.0 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open398
Session range311
The session used 78% of the weekly straddle's priced move.

Last 6 sessions

10-21 22,735 —
PCR 0.80
MP 22,900 10-22 22,715 -20
PCR 0.78
MP 22,850 10-23 22,596 -119
PCR 0.76
MP 22,700 10-26 22,772 +176
PCR 1.04
MP 22,750 10-27 22,750 -22
PCR 1.02
MP 22,750 10-28 22,703 -47
PCR 0.97
MP 22,700

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. Disclaimer →

Related reading

PCR explained →

How put-call ratio is calculated and when it misleads.

Max pain theory →

Why max pain matters near expiry.

OI buildup →

Reading the four OI patterns.

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