Daily digest / NIFTY 50 / 2026-11-02 · this week
NIFTY 50 · Monday 2 Nov 2026 · close
23,345 +323.8 (+1.41%)
3rd straight up dayExpiry Tue 3 Nov · 1 session

Afternoon rally, closes near the highs

NIFTY 50 opened with a 180-pt gap up at 23,201. A steady start gave way at 13:15 IST and NIFTY 50 climbed 163 pts to 23,350. Put writers added the most fresh OI at 23,200 (+102.1 L), right where the low held. Call writers built positions at 23,350–23,650, led by 23,600 (+59.0 L). Max pain moved from 23,000 to 23,250, following price up. PCR rose from 1.62 to 1.66.

Spot Max pain 23,200 support PCR 15-min · IST
Open23,201
High · 15:3523,361
Low · 13:4023,180
Avg PCR1.50
Max pain23,250

Key levels into expiry

24,000 Call wall · 124.2 L OI resistance
23,600 Fresh calls +59.0 L cap
23,350 Fresh calls +34.2 L cap
23,345 Close ●
23,300 Fresh puts +90.3 L support
23,250 Max pain magnet
23,200 Fresh puts +102.1 L · held the low support
23,000 Put wall · 146.6 L OI floor

Where writers added today

23,600
+59.0 L
23,350
+34.2 L
23,650
+22.0 L
23,200
+102.1 L
23,300
+90.3 L
23,250
+64.4 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open207
Session range181
The session used 87% of the weekly straddle's priced move.

Last 6 sessions

10-26 22,772 —
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 10-29 22,982 +279
PCR 1.31
MP 22,900 10-30 23,021 +40
PCR 1.48
MP 23,000 11-02 23,345 +324
PCR 1.50
MP 23,250

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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