Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 16/09/2026
Table of Contents
While headline spot gains and aggregate futures data signal widespread “Short Covering” across NIFTY (-0.16% OI), BANKNIFTY (-0.95% OI), and SENSEX (-0.97% OI), the massive drop in futures trading volume (down 40% to 60%) alongside heavy basis compression reveals that this upmove was driven primarily by bears taking chips off the table rather than aggressive fresh institutional buying.
However, structural accumulation is quietly brewing beneath the surface: NIFTY October futures absorbed +5.08% OI in genuine Fresh Longs, MIDCPNIFTY saw its front-month futures decisively flip from a deep discount back into a +31.5 point premium on fresh long additions, and weekly Put-Call Ratios rebounded sharply back toward parity ahead of Thursday’s SENSEX weekly expiry. Let’s break down the strike-level inventory and actionable execution triggers for tomorrow’s opening bell!
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 23217.6 (0.428%)
Combined = September + October + November
Combined Fut Open Interest Change: -0.16%
Combined Fut Volume Change: -42.83%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 20% Previous 19%
NIFTY SEPTEMBER Future closed at: 23272.3 (0.208%)
Sep Fut Premium 54.7 (Decreased by -50.6 points)
Sep Fut Open Interest Change: -1.62%
Sep Fut Volume Change: -45.90%
Sep Fut Open Interest Analysis: Short Covering
NIFTY OCTOBER Future closed at: 23370.6 (0.165%)
Oct Fut Premium 153 (Decreased by -60.4 points)
Oct Fut Open Interest Change: 5.08%
Oct Fut Volume Change: -32.65%
Oct Fut Open Interest Analysis: Fresh Long
NIFTY Weekly Expiry (22/09/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.938 (Increased from 0.657)
Put-Call Ratio (Volume): 1.007
Max Pain Level: 23300
Maximum CALL Open Interest: 24000
Maximum PUT Open Interest: 23000
Highest CALL Addition: 23800
Highest PUT Addition: 23000
NIFTY Monthly Expiry (29/09/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.969 (Increased from 0.968)
Put-Call Ratio (Volume): 0.740
Max Pain Level: 23900
Maximum CALL Open Interest: 24000
Maximum PUT Open Interest: 23000
Highest CALL Addition: 24000
Highest PUT Addition: 23000
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 56292.45 (0.892%)
Combined = September + October + November
Combined Fut Open Interest Change: -0.95%
Combined Fut Volume Change: -22.38%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 15% Previous 13%
BANKNIFTY SEPTEMBER Future closed at: 56407.8 (0.586%)
Sep Fut Premium 115.35 (Decreased by -169.3 points)
Sep Fut Open Interest Change: -2.4%
Sep Fut Volume Change: -22.5%
Sep Fut Open Interest Analysis: Short Covering
BANKNIFTY OCTOBER Future closed at: 56976 (1.056%)
Oct Fut Premium 683.55 (Increased by 97.7 points)
Oct Fut Open Interest Change: -80.69%
Oct Fut Volume Change: -77.39%
Oct Fut Open Interest Analysis: Short Covering
BANKNIFTY Monthly Expiry (29/09/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.860 (Increased from 0.785)
Put-Call Ratio (Volume): 0.986
Max Pain Level: 57300
Maximum CALL Open Interest: 57500
Maximum PUT Open Interest: 57500
Highest CALL Addition: 59000
Highest PUT Addition: 54000
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 14288.45 (0.155%)
Combined = September + October + November
Combined Fut Open Interest Change: 2.53%
Combined Fut Volume Change: -59.39%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 4% Previous 4%
MIDCPNIFTY SEPTEMBER Future closed at: 14320 (0.507%)
Sep Fut Premium 31.55 (Increased by 50.1 points)
Sep Fut Open Interest Change: 2.45%
Sep Fut Volume Change: -60.98%
Sep Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY OCTOBER Future closed at: 14356.8 (0.476%)
Oct Fut Premium 68.35 (Increased by 45.9 points)
Oct Fut Open Interest Change: 2.85%
Oct Fut Volume Change: -35.07%
Oct Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY Monthly Expiry (29/09/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.876 (Increased from 0.818)
Put-Call Ratio (Volume): 1.000
Max Pain Level: 14500
Maximum CALL Open Interest: 15000
Maximum PUT Open Interest: 14000
Highest CALL Addition: 14300
Highest PUT Addition: 13800
SENSEX Monthly Expiry (24/09/2026) Future
SENSEX Spot closed at: 74,336.45 (0.449%)
SENSEX Monthly Future closed at: 74,423.85 (0.195%)
Premium: 87.4 (Decreased by -187.83 points)
Open Interest Change: -0.97%
Volume Change: -22.17%
Open Interest Analysis: Short Covering
SENSEX Weekly Expiry (17/09/2026) Option Analysis
Put-Call Ratio (OI): 1.179 (Increased from 0.698)
Put-Call Ratio (Volume): 1.027
Max Pain Level: 74500
Maximum CALL OI: 76000
Maximum PUT OI: 71000
Highest CALL Addition: 75900
Highest PUT Addition: 71000
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 2,032.61 Cr.
DIIs Net BUY: ₹ 3,908.23 Cr.
FII Derivatives Activity
| FII Trading Stats | 16.09.26 | 15.09.26 | 11.09.26 |
| FII Cash (Provisional Data) | -2,032.61 | -2,977.86 | -930.9 |
| Index Future Open Interest Long Ratio | 12.39% | 12.06% | 11.23% |
| Index Future Volume Long Ratio | 56.78% | 44.28% | 45.50% |
| Call Option Open Interest Long Ratio | 40.30% | 38.57% | 41.24% |
| Call Option Volume Long Ratio | 50.27% | 49.36% | 50.16% |
| Put Option Open Interest Long Ratio | 67.14% | 73.59% | 66.80% |
| Put Option Volume Long Ratio | 48.91% | 50.22% | 50.04% |
| Stock Future Open Interest Long Ratio | 54.21% | 53.93% | 54.07% |
| Stock Future Volume Long Ratio | 54.14% | 48.48% | 47.67% |
| Index Futures | Fresh Long | Fresh Short | Fresh Short |
| Index Options | Fresh Short | Long Covering | Fresh Long |
| Nifty Futures | Fresh Long | Fresh Short | Fresh Short |
| Nifty Options | Fresh Short | Long Covering | Fresh Long |
| BankNifty Futures | Short Covering | Long Covering | Fresh Long |
| BankNifty Options | Fresh Short | Fresh Short | Fresh Long |
| FinNifty Futures | Fresh Long | Fresh Short | Short Covering |
| FinNifty Options | Fresh Long | Long Covering | Fresh Long |
| MidcpNifty Futures | Fresh Short | Fresh Long | Fresh Short |
| MidcpNifty Options | Fresh Short | Fresh Short | Fresh Long |
| NiftyNxt50 Futures | Fresh Long | Short Covering | Short Covering |
| NiftyNxt50 Options | Fresh Long | Long Covering | Fresh Short |
| Stock Futures | Fresh Long | Long Covering | Fresh Short |
| Stock Options | Fresh Short | Fresh Short | Fresh Long |
NSE & BSE Option market Trends : Options Insights
SENSEX weekly Expiry (17/09/2026)
The SENSEX index closed at 74336.45. The SENSEX weekly expiry for SEPTEMBER 10, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.179 against previous 0.698. The 71000PE option holds the maximum open interest, followed by the 74000PE and 76000CE options. Market participants have shown increased interest with significant open interest additions in the 71000PE option, with open interest additions also seen in the 74300PE and 74000PE options. On the other hand, open interest reductions were prominent in the 77000CE, 69800PE
| SENSEX | Weekly | Expiry: | 17-09-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 74336.45 | 1.179 | 0.698 | 1.027 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 3,29,68,100 | 2,73,96,940 | 55,71,160 |
| PUT: | 3,88,57,780 | 1,91,36,220 | 1,97,21,560 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 76000 | 20,49,160 | 2,67,480 | 2,87,68,520 |
| 75000 | 20,41,060 | 93,180 | 11,21,06,040 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 75900 | 9,62,140 | 5,68,460 | 96,14,720 |
| 74600 | 10,03,540 | 4,81,260 | 5,66,46,280 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 77000 | 12,32,380 | -8,22,420 | 1,91,16,260 |
| 78000 | 12,94,980 | -2,03,640 | 1,15,15,300 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 75000 | 20,41,060 | 93,180 | 11,21,06,040 |
| 74500 | 13,45,720 | 2,92,740 | 11,04,21,080 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 71000 | 31,29,360 | 12,35,380 | 2,22,12,500 |
| 74000 | 20,51,840 | 11,24,400 | 11,79,99,980 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 71000 | 31,29,360 | 12,35,380 | 2,22,12,500 |
| 74300 | 14,64,300 | 11,50,100 | 9,37,73,280 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 69800 | 4,47,980 | -2,09,920 | 29,45,500 |
| 75000 | 2,67,300 | -1,29,820 | 41,41,960 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 74000 | 20,51,840 | 11,24,400 | 11,79,99,980 |
| 74300 | 14,64,300 | 11,50,100 | 9,37,73,280 |
NIFTY Weekly Expiry (15/09/2026)
The NIFTY index closed at 23217.6. The NIFTY weekly expiry for SEPTEMBER 15, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.938 against previous 0.657. The 24000CE option holds the maximum open interest, followed by the 23000PE and 23500CE options. Market participants have shown increased interest with significant open interest additions in the 23000PE option, with open interest additions also seen in the 23200PE and 21350PE options. On the other hand, open interest reductions were prominent in the 24300CE, 25000CE
| NIFTY | Weekly | Expiry: | 22-09-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 23,217.60 | 0.938 | 0.657 | 1.007 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 12,15,68,265 | 10,30,49,375 | 1,85,18,890 |
| PUT: | 11,40,36,585 | 6,76,60,580 | 4,63,76,005 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 86,57,415 | 17,87,565 | 6,94,739 |
| 23,500 | 75,34,085 | 16,87,010 | 17,20,743 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,800 | 62,91,285 | 21,25,500 | 7,87,772 |
| 24,000 | 86,57,415 | 17,87,565 | 6,94,739 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,300 | 25,83,165 | -21,85,300 | 3,28,177 |
| 25,000 | 62,85,175 | -15,17,945 | 4,41,036 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,200 | 43,11,775 | 6,66,705 | 23,32,111 |
| 23,300 | 43,90,295 | 7,22,345 | 22,78,486 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 81,32,475 | 33,84,875 | 19,43,321 |
| 23,200 | 74,67,135 | 29,14,210 | 35,61,470 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 81,32,475 | 33,84,875 | 19,43,321 |
| 23,200 | 74,67,135 | 29,14,210 | 35,61,470 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 23,450 | 5,68,425 | -2,57,920 | 96,990 |
| 23,500 | 23,16,730 | -95,745 | 1,99,386 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,200 | 74,67,135 | 29,14,210 | 35,61,470 |
| 23,250 | 32,81,525 | 23,73,670 | 20,77,133 |
NIFTY Monthly Expiry (29/09/2026)
The NIFTY index closed at 23217.6. The NIFTY monthly expiry for SEPTEMBER 29, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.969 against previous 0.968. The 24000CE option holds the maximum open interest, followed by the 23000PE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 24000CE option, with open interest additions also seen in the 23000PE and 24300CE options. On the other hand, open interest reductions were prominent in the 23400CE, 24550CE
| NIFTY | Monthly | Expiry: | 29-09-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 23,217.60 | 0.969 | 0.968 | 0.740 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 8,20,20,140 | 7,94,31,250 | 25,88,890 |
| PUT: | 7,94,69,045 | 7,68,59,750 | 26,09,295 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 99,40,775 | 7,41,065 | 1,59,240 |
| 24,500 | 54,43,295 | -53,040 | 49,829 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 99,40,775 | 7,41,065 | 1,59,240 |
| 24,300 | 47,43,505 | 5,33,260 | 53,193 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 23,400 | 19,25,235 | -3,73,425 | 71,838 |
| 24,550 | 3,53,145 | -3,61,465 | 29,739 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 99,40,775 | 7,41,065 | 1,59,240 |
| 23,500 | 43,04,820 | -1,41,375 | 1,40,789 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 71,23,975 | 5,80,515 | 1,25,836 |
| 24,000 | 57,65,640 | -1,90,450 | 17,561 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 71,23,975 | 5,80,515 | 1,25,836 |
| 22,700 | 12,30,775 | 3,44,110 | 32,901 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 23,400 | 19,09,505 | -3,45,345 | 56,724 |
| 23,500 | 42,64,650 | -3,31,240 | 59,654 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 71,23,975 | 5,80,515 | 1,25,836 |
| 23,200 | 27,95,390 | 2,74,495 | 1,10,189 |
BANKNIFTY Monthly Expiry (29/09/2026)
The BANKNIFTY index closed at 56292.45. The BANKNIFTY monthly expiry for SEPTEMBER 29, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.860 against previous 0.785. The 57500CE option holds the maximum open interest, followed by the 58000CE and 57500PE options. Market participants have shown increased interest with significant open interest additions in the 54000PE option, with open interest additions also seen in the 53000PE and 55000PE options. On the other hand, open interest reductions were prominent in the 56500CE, 56000CE
| BANKNIFTY | Monthly | Expiry: | 29-09-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 56,292.45 | 0.860 | 0.785 | 0.986 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,70,39,970 | 1,80,45,540 | -10,05,570 |
| PUT: | 1,46,62,710 | 1,41,69,450 | 4,93,260 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 57,500 | 22,28,190 | 34,470 | 53,313 |
| 58,000 | 16,10,520 | -48,990 | 57,642 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 59,000 | 10,95,750 | 42,690 | 38,811 |
| 57,500 | 22,28,190 | 34,470 | 53,313 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 56,500 | 5,42,430 | -1,24,800 | 97,263 |
| 56,000 | 4,25,970 | -1,11,120 | 92,447 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 56,500 | 5,42,430 | -1,24,800 | 97,263 |
| 56,000 | 4,25,970 | -1,11,120 | 92,447 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 57,500 | 15,81,330 | -12,630 | 3,770 |
| 56,000 | 8,65,170 | 60,870 | 1,35,648 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 8,57,190 | 1,05,120 | 44,161 |
| 53,000 | 5,41,650 | 92,160 | 40,381 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 57,000 | 7,15,710 | -82,800 | 37,867 |
| 54,500 | 3,17,670 | -58,860 | 25,993 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 56,000 | 8,65,170 | 60,870 | 1,35,648 |
| 56,200 | 1,94,460 | 54,450 | 77,157 |
MIDCPNIFTY Monthly Expiry (29/09/2026)
The MIDCPNIFTY index closed at 14288.45. The MIDCPNIFTY monthly expiry for SEPTEMBER 29, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.876 against previous 0.818. The 14000PE option holds the maximum open interest, followed by the 15000CE and 13500PE options. Market participants have shown increased interest with significant open interest additions in the 13800PE option, with open interest additions also seen in the 14300PE and 14300CE options. On the other hand, open interest reductions were prominent in the 73000PE, 74500CE
| MIDCPNIFTY | Monthly | Expiry: | 29-09-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 14,288.45 | 0.876 | 0.818 | 1.000 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 84,32,880 | 80,46,840 | 3,86,040 |
| PUT: | 73,83,240 | 65,82,480 | 8,00,760 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 15,000 | 9,99,000 | -36,120 | 8,252 |
| 14,500 | 7,09,920 | 85,320 | 15,820 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 14,300 | 3,67,920 | 1,43,400 | 16,187 |
| 14,500 | 7,09,920 | 85,320 | 15,820 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 15,900 | 47,040 | -92,160 | 1,021 |
| 15,000 | 9,99,000 | -36,120 | 8,252 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,300 | 3,67,920 | 1,43,400 | 16,187 |
| 14,500 | 7,09,920 | 85,320 | 15,820 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 10,29,960 | -1,71,240 | 23,061 |
| 13,500 | 7,30,320 | 30,360 | 7,195 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 5,92,080 | 2,84,280 | 10,882 |
| 14,300 | 5,52,240 | 1,48,320 | 15,274 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 10,29,960 | -1,71,240 | 23,061 |
| 14,600 | 3,53,520 | -26,160 | 1,020 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 10,29,960 | -1,71,240 | 23,061 |
| 14,300 | 5,52,240 | 1,48,320 | 15,274 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
To wrap up today’s Open Interest Volume Analysis, the tape confirms a transition from active negative gamma bleeding into a tactical short-squeeze corridor. Because overall futures volumes dried up during this bounce, execution demands buying confirmed pullbacks at structural put bases rather than chasing green intraday candles into overhead call walls:
NIFTY (Tactical Short Covering vs. October Longs): Front-month September futures gained +0.208% but surrendered -50.6 points in premium alongside -1.62% OI on a 46% volume drop, confirming clear Short Covering. However, October absorbed +5.08% OI in structural Fresh Longs. In the weekly options chain (22/09 expiry), the PCR surged from 0.657 to 0.938 with volume PCR reclaiming parity (1.007), as put writers built an aggressive liquidity floor at 23,000 (Maximum Put OI and Highest Put Addition), while call additions shifted higher to 23,800. Actionable Feedback: The immediate battleground is 23,300 (weekly Max Pain). Look to initiate tactical longs on intraday pullbacks into the 23,180–23,220 support pocket with a stop-loss placed strictly below 23,120, targeting 23,300 and an extension toward 23,450. Fade any premature spike toward the 23,500 monthly call-addition ceiling.
BANKNIFTY (Violent Premium Drain & Short Covering): The banking index outpaced frontline peers (+0.892% spot), but the derivatives mechanics reveal aggressive short unwinding rather than sustained institutional accumulation. September futures lost a staggering -169.3 points in premium on -2.4% OI, while October saw massive short covering. In the monthly chain (29/09), the PCR crawled up to 0.860, with call writers pushing their highest additions far up to 59,000, leaving 56,000–56,200 as the immediate absorption zone. Actionable Feedback: Avoid aggressive trend-chasing here due to compressed basis. Trade with a “Buy on Dips” posture: accumulate long setups on retests of 56,150–56,250 with risk defined strictly below 55,950, targeting the 56,800–57,000 zone and the 57,300 Max Pain node.
MIDCPNIFTY (Genuine Accumulation & Basis Reversal): Midcaps posted the highest-quality institutional setup of the session. While headline volume contracted, combined futures added +2.53% OI in textbook Fresh Longs. Crucially, September futures completely erased yesterday’s -18.55 point discount, expanding into a healthy +31.55 point premium (+50.1 pt basis jump) on +2.45% OI, with October adding +2.85% OI. Monthly PCR rebounded to 0.876 with volume PCR at 1.000. Actionable Feedback: The broader market has officially halted its freefall. Look for long entries on pullbacks into 14,240–14,270 with a tight stop-loss below 14,200, targeting the 14,350 mark and an institutional squeeze toward the 14,500 Max Pain level.
SENSEX (Pre-Expiry Gamma Reset Ahead of 17/09 Expiry): Entering its weekly expiry session tomorrow, SENSEX registered clean monthly Short Covering (-0.97% OI, -187.8 pt premium drain). The decisive shift landed in the weekly options chain (17/09), where the PCR violently rebounded from 0.698 to 1.179. Put writers aggressively fortified the 71,000 base, while call writers retreated their highest additions up to 75,900, centering the Max Pain pin firmly at 74,500. Actionable Feedback: With weekly put writers back in control, intraday dips toward 74,150–74,250 offer asymmetric long scalps for expiry day. Place invalidation stops below 74,000 and target a mechanical expiry gravitate toward the 74,500 Max Pain strike, trimming positions if spot tests 74,800.
Check Previous Day’s NSE & BSE Indices F&O Analysis
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BSE Derivatives Raw Data
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