Daily digest / NIFTY 50 / 2026-11-04 · this week
NIFTY 50 · Wednesday 4 Nov 2026 · close
23,908 +97.0 (+0.41%)
5th straight up dayExpiry Mon 9 Nov · 3 sessions

Buying from the open, closes near the highs

NIFTY 50 opened with a 172-pt gap down at 23,639. NIFTY 50 climbed 299 pts from 23,639 at 09:15 to 23,938 by 15:30 IST. Put writers added the most fresh OI at 23,900 (+50.7 L). Call writers built positions at 23,900–25,000, led by 25,000 (+69.9 L). Max pain moved from 23,600 to 23,800, following price up.

Spot Max pain PCR 15-min · IST
Open23,639
High · 15:0123,946
Low · 09:1523,639
Avg PCR1.02
Max pain23,800

Key levels into expiry

25,000 Call wall · 118.8 L OI · Fresh calls +69.9 L resistance
24,500 Fresh calls +37.2 L cap
23,908 Close ●
23,900 Fresh puts +50.7 L support
23,800 Max pain · Fresh puts +31.1 L magnet
23,000 Put wall · 80.5 L OI floor

Where writers added today

25,000
+69.9 L
24,500
+37.2 L
23,900
+33.5 L
23,900
+50.7 L
23,800
+31.1 L
23,500
+28.3 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open381
Session range307
The session used 81% of the weekly straddle's priced move.

Last 6 sessions

10-28 22,703 —
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 11-04 23,908 +97
PCR 1.02
MP 23,800

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 →