Daily digest / NIFTY 50 / 2026-11-03 · this week
NIFTY 50 · Tuesday 3 Nov 2026 · close
23,811 +465.7 (+1.99%)
4th straight up dayExpiry day

Buying from the open, closes near the highs

NIFTY 50 opened with a 128-pt gap up at 23,473. NIFTY 50 climbed 338 pts from 23,473 at 09:15 to 23,811 by 15:30 IST. Put writers added the most fresh OI at 23,700 (+211.3 L). Call writers built positions at 23,800–23,900, led by 23,850 (+140.8 L). Max pain moved from 23,250 to 23,700, following price up. PCR rose from 1.67 to 1.94.

Spot Max pain PCR 15-min · IST
Open23,473
High · 15:2923,811
Low · 09:1523,461
Avg PCR1.74
Max pain23,700

Key levels into expiry

23,900 Fresh calls +38.2 L cap
23,850 Call wall · 158.7 L OI · Fresh calls +140.8 L resistance
23,811 Close ●
23,700 Max pain · Fresh puts +211.3 L · Put wall · 212.1 L OI magnet
23,650 Fresh puts +137.3 L support

Where writers added today

23,850
+140.8 L
23,800
+50.5 L
23,900
+38.2 L
23,700
+211.3 L
23,650
+137.3 L
23,600
+136.3 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open141
Session range350
One session moved 2.5× the weekly straddle's full priced move.

Last 6 sessions

10-27 22,750 —
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 11-03 23,811 +466
PCR 1.74
MP 23,700

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.

All NIFTY 50 sessions · Indices hub · Live terminal →