Showing SYNTHETIC demo data — Dhan access token expired 01 Oct, 12:49 IST.
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Option chain analysis
Open interest, premium traded, IV and likely positioning by strike. Buying/writing labels are probabilistic; OI concentrations are potential (not guaranteed) support/resistance; Max Pain is theoretical.
Premium traded
- Total call premium
- ₹25 Cr
- Total put premium
- ₹21 Cr
- Put/Call premium ratio
- 0.82
- Call/Put premium ratio
- 1.22
- Net put premium
- −₹5 Cr
- Net call premium
- ₹5 Cr
Premium = LTP × volume × lot size. More put premium is not automatically bullish or bearish — read with price, OI change and IV.
Open interest & PCR
- Call OI / ΔOI
- 221,705 / +13,918
- Put OI / ΔOI
- 248,777 / +22,768
- OI PCR
- 1.12
- Premium PCR
- 0.82
- Volume PCR
- 1.08
OI PCR 1.12 (bullish) and premium PCR 0.82 (bullish) do not contradict each other.
Max Pain & concentration
- Spot
- 26,588.40
- ATM strike
- 26600
- Max Pain
- 26600
- Spot vs Max Pain
- −12 (−0.04%)
- Potential support (put OI)
- 26200–26500
- Potential resistance (call OI)
- 27000
IV & skew
- ATM IV
- 20.84
- ATM call / put IV
- 20.7 / 21.0
- 25Δ call IV
- 21.38
- 25Δ put IV
- 21.05
- Skew (put − call)
- -0.33
- Days to expiry
- 36
Skew changes over 1D/1W/1M: see the “NIFTY 25Δ IV skew” indicator on Factors & Data.
Premium by moneyness (±25 strikes, ATM = nearest ±1 strike)
| ITM | ATM | OTM | |
|---|---|---|---|
| Calls | ₹6 Cr | ₹6 Cr | ₹13 Cr |
| Puts | ₹4 Cr | ₹5 Cr | ₹12 Cr |
Limiting the window to strikes near ATM stops far out-of-the-money contracts from distorting the read.
Likely buying vs writing (premium, ₹ Cr)
| Evidence suggests / likely | Calls | Puts |
|---|---|---|
| fresh buying | ₹25 Cr | ₹0 Cr |
| writing | ₹0 Cr | ₹21 Cr |
| short covering | ₹0 Cr | ₹0 Cr |
| long unwinding | ₹0 Cr | ₹0 Cr |
| no clear signal | ₹0 Cr | ₹0 Cr |
Premium pressure: calls ₹18 Cr, puts −₹16 Cr → net ₹34 Cr (+0.74 of premium, bullish +).
Price ↑ + OI ↑ → possible fresh buying · price ↓ + OI ↑ → possible writing · price ↑ + OI ↓ → possible short covering · price ↓ + OI ↓ → possible long unwinding. Volume and IV change adjust the strength of evidence. Trader intent is never certain.
Option chain · NIFTY 2026-11-24
| Strike ↑ | Call OI | Call ΔOI | Call prem ₹Cr | Call IV | Spot | Put IV | Put prem ₹Cr | Put ΔOI | Put OI |
|---|---|---|---|---|---|---|---|---|---|
| 25350 | 0 | +0 | 0.00 | 21.0 | 21.1 | 0.00 | +1 | 20 | |
| 25400 | 0 | +-0 | 0.00 | 20.6 | 21.3 | 0.00 | +7 | 70 | |
| 25450 | 0 | +0 | 0.00 | 21.2 | 21.4 | 0.00 | +5 | 76 | |
| 25500 | 0 | +0 | 0.00 | 20.8 | 21.1 | 0.01 | +48 | 393 | |
| 25550 | 1 | +-0 | 0.00 | 21.2 | 21.2 | 0.01 | +25 | 400 | |
| 25600 | 2 | +0 | 0.00 | 20.5 | 21.3 | 0.01 | +134 | 719 | |
| 25650 | 2 | +0 | 0.00 | 20.9 | 21.1 | 0.02 | +81 | 580 | |
| 25700 | 8 | +0 | 0.00 | 20.8 | 21.0 | 0.02 | +99 | 1,115 | |
| 25750 | 9 | +1 | 0.00 | 20.3 | 21.1 | 0.02 | +219 | 1,393 | |
| 25800 | 30 | +2 | 0.00 | 20.8 | 20.8 | 0.09 | +197 | 2,999 | |
| 25850 | 32 | +4 | 0.00 | 20.4 | 21.2 | 0.12 | +99 | 2,743 | |
| 25900 | 78 | +7 | 0.01 | 21.2 | 21.0 | 0.20 | +749 | 5,667 | |
| 25950 | 80 | +3 | 0.01 | 20.8 | 20.8 | 0.14 | +264 | 3,519 | |
| 26000 | 391 | +56 | 0.05 | 21.0 | 21.3 | 0.63 | +1,026 | 15,568 | |
| 26050 | 264 | +29 | 0.03 | 20.5 | 21.2 | 0.25 | +419 | 6,388 | |
| 26100 | 690 | +52 | 0.07 | 20.3 | 21.1 | 0.70 | +2,252 | 14,606 | |
| 26150 | 828 | -36 | 0.09 | 20.8 | 21.0 | 0.46 | +916 | 10,815 | |
| 26200 | 1,469 | +108 | 0.10 | 21.1 | 20.9 | 0.78 | +1,393 | 16,219 | |
| 26250 | 1,448 | +117 | 0.21 | 20.5 | 20.7 | 1.11 | +177 | 17,070 | |
| 26300 | 2,937 | +367 | 0.28 | 20.6 | 20.7 | 0.91 | +1,200 | 16,591 | |
| 26350 | 2,691 | +273 | 0.47 | 20.8 | 20.6 | 0.98 | +2,140 | 15,568 | |
| 26400 | 5,736 | +303 | 0.70 | 20.9 | 20.8 | 1.21 | +2,451 | 17,549 | |
| 26450 | 5,240 | +340 | 1.03 | 20.7 | 21.0 | 1.42 | +790 | 13,493 | |
| 26500 | 14,562 | +340 | 2.63 | 20.9 | 20.5 | 3.21 | +2,132 | 22,023 | |
| 26550 | 5,338 | +601 | 1.11 | 20.7 | 20.8 | 1.52 | +1,005 | 8,230 | |
| 26600 | 15,912 | +1,168 | 3.26 | 20.7 | ◆ 26,588.4 | 21.0 | 2.23 | +769 | 16,217 |
| 26650 | 13,168 | +2,213 | 2.01 | 20.6 | 20.9 | 0.76 | +605 | 5,809 | |
| 26700 | 15,361 | +891 | 2.89 | 20.7 | 20.8 | 1.37 | +1,139 | 8,734 | |
| 26750 | 10,026 | +787 | 1.93 | 20.9 | 20.3 | 0.51 | +486 | 4,787 | |
| 26800 | 16,788 | +1,162 | 1.85 | 21.1 | 20.7 | 0.74 | +684 | 7,059 | |
| 26850 | 11,583 | +795 | 1.19 | 21.0 | 20.5 | 0.31 | +272 | 3,248 | |
| 26900 | 18,220 | +302 | 1.04 | 20.3 | 20.7 | 0.39 | +554 | 3,621 | |
| 26950 | 11,534 | +238 | 0.78 | 20.5 | 21.0 | 0.14 | +67 | 1,221 | |
| 27000 | 19,421 | +1,377 | 1.15 | 20.5 | 20.8 | 0.16 | +151 | 2,208 | |
| 27050 | 8,145 | +213 | 0.47 | 21.0 | 21.1 | 0.05 | +76 | 679 | |
| 27100 | 13,926 | +1,147 | 0.62 | 20.8 | 20.7 | 0.09 | +70 | 692 | |
| 27150 | 4,923 | -281 | 0.35 | 20.9 | 21.0 | 0.03 | +21 | 278 | |
| 27200 | 6,513 | +452 | 0.25 | 20.6 | 21.0 | 0.01 | +25 | 211 | |
| 27250 | 2,656 | +391 | 0.10 | 20.7 | 20.6 | 0.01 | +4 | 48 | |
| 27300 | 4,093 | +332 | 0.16 | 21.1 | 20.8 | 0.01 | +10 | 84 | |
| 27350 | 1,828 | +30 | 0.07 | 20.9 | 21.0 | 0.00 | +2 | 25 | |
| 27400 | 2,010 | +74 | 0.09 | 20.4 | 21.2 | 0.00 | +3 | 23 | |
| 27450 | 960 | -36 | 0.04 | 20.7 | 21.1 | 0.00 | +0 | 6 | |
| 27500 | 1,475 | +9 | 0.05 | 20.9 | 21.1 | 0.00 | +1 | 11 | |
| 27550 | 491 | +34 | 0.02 | 20.8 | 21.3 | 0.00 | +0 | 1 | |
| 27600 | 398 | +34 | 0.01 | 20.9 | 21.5 | 0.00 | +0 | 1 | |
| 27650 | 186 | +9 | 0.01 | 20.9 | 21.3 | 0.00 | +0 | 0 | |
| 27700 | 124 | +4 | 0.00 | 20.9 | 21.5 | 0.00 | +0 | 0 | |
| 27750 | 61 | +4 | 0.00 | 20.8 | 21.6 | 0.00 | +0 | 0 | |
| 27800 | 47 | +1 | 0.00 | 21.0 | 21.3 | 0.00 | +0 | 0 | |
| 27850 | 20 | +1 | 0.00 | 21.4 | 21.9 | 0.00 | +0 | 0 |
Net premium pressure vs underlying
Expiry structure & positioning shift
| Expiry | Type | Days | OI | ΔOI | Premium | Prem. PCR | OI PCR | ATM IV | Skew | Max Pain | Support / resistance | Positioning |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-10-20 | current | 1 | 2,605,937 | +225,627 | ₹260 Cr | 0.97 | 1.02 | 20.6 | 0.3 | 26600 | 26500 / 27000 | 76 |
| 2026-10-27 | next, monthly | 8 | 1,624,666 | +129,981 | ₹287 Cr | 1.05 | 1.13 | 20.9 | 0.5 | 26600 | 26500 / 26700 | 83 |
| 2026-12-29 | far | 71 | 263,033 | +19,804 | ₹26 Cr | 0.77 | 0.96 | 20.9 | — | 26600 | 26300–26500 / 27000 | 72 |
Expiry positioning shift: Bullish-leaning positioning in the current expiry also appears in later expiries (near 76, later 82).
Positioning (0–100) blends OI PCR (conventional reading) with net premium pressure for each expiry, using ±10 strikes.