Daily digest / SENSEX / 2026-10-23 · this week
SENSEX · Friday 23 Oct 2026 · close
73,189 -60.6 (-0.08%)
4th straight down dayExpiry Thu 29 Oct · 4 sessions

Selling from the open, buyers step in

SENSEX opened with a 550-pt gap up at 73,800. SENSEX slid 1,042 pts from 73,800 at 09:15 to 72,758 by 13:15 IST. Put writers added the most fresh OI at 71,000 (+1.8 L). Call writers built positions at 74,000–75,500, led by 74,000 (+2.8 L). Max pain moved from 74,500 to 73,600, following price down. PCR fell from 1.24 to 1.04.

Spot Max pain 72,800 support PCR 15-min · IST
Open73,800
High · 09:1773,977
Low · 12:5172,683
Avg PCR1.04
Max pain73,600

Key levels into expiry

75,500 Fresh calls +2.4 L cap
74,000 Fresh calls +2.8 L cap
73,600 Max pain magnet
73,500 Call wall · 6.2 L OI resistance
73,189 Close ●
72,800 Fresh puts +1.5 L · held the low support
71,000 Fresh puts +1.8 L · Put wall · 6.1 L OI support

Where writers added today

74,000
+2.8 L
75,500
+2.4 L
75,000
+2.4 L
71,000
+1.8 L
72,800
+1.5 L
71,500
+1.4 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Weekly ATM straddle at open1,251
Session range1,294
One session moved 1.0× the weekly straddle's full priced move.

Last 6 sessions

10-15 74,316 —
PCR 1.74
MP 74,100 10-16 74,553 +238
PCR 1.22
MP 74,500 10-19 73,869 -685
PCR 0.88
MP 74,000 10-21 73,504 -364
PCR 0.72
MP 73,600 10-22 73,249 -255
PCR 0.91
MP 73,300 10-23 73,189 -61
PCR 1.04
MP 73,600

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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