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
- ₹16 Cr
- Total put premium
- ₹12 Cr
- Put/Call premium ratio
- 0.79
- Call/Put premium ratio
- 1.27
- Net put premium
- −₹3 Cr
- Net call premium
- ₹3 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
- 153,925 / +8,832
- Put OI / ΔOI
- 156,936 / +16,456
- OI PCR
- 1.02
- Premium PCR
- 0.79
- Volume PCR
- 1.12
OI PCR 1.02 (neutral) and premium PCR 0.79 (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)
- 26300–26500
- Potential resistance (call OI)
- 27000
IV & skew
- ATM IV
- 20.95
- ATM call / put IV
- 20.9 / 21.0
- 25Δ call IV
- 20.99
- 25Δ put IV
- 21.05
- Skew (put − call)
- 0.06
- Days to expiry
- 71
Skew changes over 1D/1W/1M: see the “NIFTY 25Δ IV skew” indicator on Factors & Data.
Premium by moneyness (±all strikes, ATM = nearest ±1 strike)
| ITM | ATM | OTM | |
|---|---|---|---|
| Calls | ₹3 Cr | ₹3 Cr | ₹9 Cr |
| Puts | ₹2 Cr | ₹3 Cr | ₹8 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 | ₹11 Cr | ₹0 Cr |
| writing | ₹0 Cr | ₹12 Cr |
| short covering | ₹1 Cr | ₹0 Cr |
| long unwinding | ₹0 Cr | ₹0 Cr |
| no clear signal | ₹3 Cr | ₹0 Cr |
Premium pressure: calls ₹9 Cr, puts −₹10 Cr → net ₹18 Cr (+0.66 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 2026-12-29
| Strike ↑ | Call OI | Call ΔOI | Call prem ₹Cr | Call IV | Spot | Put IV | Put prem ₹Cr | Put ΔOI | Put OI |
|---|---|---|---|---|---|---|---|---|---|
| 24600 | 0 | +0 | 0.00 | 21.4 | 21.9 | 0.00 | +0 | 0 | |
| 24650 | 0 | +0 | 0.00 | 20.9 | 21.8 | 0.00 | +0 | 0 | |
| 24700 | 0 | +0 | 0.00 | 20.7 | 21.6 | 0.00 | +0 | 0 | |
| 24750 | 0 | +0 | 0.00 | 20.7 | 21.6 | 0.00 | +0 | 0 | |
| 24800 | 0 | +0 | 0.00 | 20.8 | 21.6 | 0.00 | +0 | 0 | |
| 24850 | 0 | +0 | 0.00 | 21.0 | 21.1 | 0.00 | +0 | 0 | |
| 24900 | 0 | +0 | 0.00 | 20.9 | 21.4 | 0.00 | +0 | 0 | |
| 24950 | 0 | +0 | 0.00 | 20.8 | 21.2 | 0.00 | +0 | 0 | |
| 25000 | 0 | +0 | 0.00 | 20.9 | 21.2 | 0.00 | +0 | 0 | |
| 25050 | 0 | +-0 | 0.00 | 21.0 | 21.1 | 0.00 | +0 | 0 | |
| 25100 | 0 | +0 | 0.00 | 20.7 | 21.0 | 0.00 | +0 | 1 | |
| 25150 | 0 | +0 | 0.00 | 20.8 | 21.3 | 0.00 | +0 | 1 | |
| 25200 | 0 | +0 | 0.00 | 20.7 | 21.1 | 0.00 | +0 | 4 | |
| 25250 | 0 | +0 | 0.00 | 21.2 | 21.6 | 0.00 | +1 | 5 | |
| 25300 | 0 | +0 | 0.00 | 21.1 | 21.4 | 0.00 | +2 | 17 | |
| 25350 | 0 | +0 | 0.00 | 20.5 | 21.1 | 0.00 | +0 | 22 | |
| 25400 | 0 | +0 | 0.00 | 20.9 | 21.1 | 0.00 | +4 | 58 | |
| 25450 | 0 | +0 | 0.00 | 21.0 | 21.1 | 0.00 | +7 | 62 | |
| 25500 | 0 | +0 | 0.00 | 20.3 | 21.2 | 0.00 | +22 | 195 | |
| 25550 | 0 | +0 | 0.00 | 20.4 | 20.9 | 0.00 | +15 | 165 | |
| 25600 | 1 | +0 | 0.00 | 20.7 | 21.3 | 0.01 | +49 | 410 | |
| 25650 | 2 | +0 | 0.00 | 20.8 | 21.1 | 0.01 | +51 | 400 | |
| 25700 | 5 | +1 | 0.00 | 20.8 | 20.7 | 0.02 | +82 | 977 | |
| 25750 | 5 | +0 | 0.00 | 20.6 | 21.3 | 0.02 | +61 | 821 | |
| 25800 | 15 | +1 | 0.00 | 20.9 | 20.9 | 0.04 | +134 | 1,876 | |
| 25850 | 15 | +1 | 0.00 | 20.7 | 21.2 | 0.06 | +241 | 1,819 | |
| 25900 | 47 | +3 | 0.00 | 20.5 | 20.7 | 0.09 | +472 | 3,583 | |
| 25950 | 65 | +6 | 0.01 | 21.0 | 21.1 | 0.09 | +102 | 3,300 | |
| 26000 | 223 | +14 | 0.02 | 20.7 | 20.9 | 0.29 | +1,605 | 8,926 | |
| 26050 | 151 | +0 | 0.01 | 20.6 | 21.1 | 0.18 | +1,064 | 5,143 | |
| 26100 | 398 | +58 | 0.04 | 20.9 | 20.9 | 0.22 | +1,023 | 7,817 | |
| 26150 | 412 | +45 | 0.05 | 21.1 | 20.8 | 0.36 | +451 | 7,255 | |
| 26200 | 927 | +48 | 0.09 | 20.4 | 20.8 | 0.48 | +1,215 | 11,499 | |
| 26250 | 1,083 | +6 | 0.11 | 21.0 | 20.5 | 0.34 | +622 | 5,675 | |
| 26300 | 2,215 | +3 | 0.16 | 20.3 | 20.9 | 1.06 | +990 | 12,733 | |
| 26350 | 1,877 | +104 | 0.27 | 20.8 | 20.6 | 0.69 | +1,354 | 8,657 | |
| 26400 | 4,641 | +358 | 0.49 | 20.5 | 21.0 | 0.96 | +569 | 9,993 | |
| 26450 | 3,263 | +72 | 0.36 | 20.3 | 20.7 | 0.86 | +1,638 | 8,996 | |
| 26500 | 12,169 | +1,020 | 1.56 | 21.0 | 20.9 | 1.73 | +991 | 13,279 | |
| 26550 | 4,833 | -125 | 0.78 | 21.0 | 20.8 | 1.06 | +741 | 7,234 | |
| 26600 | 7,983 | +7 | 1.66 | 20.9 | ◆ 26,588.4 | 21.0 | 0.88 | +326 | 7,198 |
| 26650 | 7,878 | +929 | 0.93 | 20.7 | 20.6 | 0.77 | +534 | 5,865 | |
| 26700 | 10,703 | +527 | 1.39 | 20.6 | 21.0 | 0.89 | +205 | 7,465 | |
| 26750 | 7,179 | -3 | 1.27 | 20.5 | 20.7 | 0.42 | +821 | 4,550 | |
| 26800 | 11,357 | +745 | 1.56 | 20.5 | 21.0 | 0.22 | +354 | 2,904 | |
| 26850 | 9,821 | +980 | 1.12 | 20.6 | 20.8 | 0.14 | +241 | 2,180 | |
| 26900 | 11,048 | +767 | 1.04 | 20.9 | 20.7 | 0.11 | +184 | 1,745 | |
| 26950 | 5,905 | +345 | 0.38 | 21.0 | 20.9 | 0.05 | +93 | 806 | |
| 27000 | 16,483 | +1,224 | 0.73 | 21.0 | 20.9 | 0.18 | +90 | 2,101 | |
| 27050 | 6,173 | +9 | 0.20 | 20.6 | 20.9 | 0.04 | +11 | 444 | |
| 27100 | 7,970 | +191 | 0.63 | 21.1 | 21.0 | 0.02 | +41 | 319 | |
| 27150 | 3,112 | +86 | 0.18 | 20.4 | 20.8 | 0.01 | +26 | 172 | |
| 27200 | 4,361 | +459 | 0.14 | 21.0 | 20.8 | 0.01 | +13 | 128 | |
| 27250 | 2,663 | +172 | 0.08 | 20.7 | 21.0 | 0.00 | +5 | 59 | |
| 27300 | 3,218 | +378 | 0.14 | 20.5 | 20.9 | 0.00 | +2 | 36 | |
| 27350 | 1,555 | +100 | 0.05 | 20.7 | 21.0 | 0.00 | +2 | 16 | |
| 27400 | 1,626 | +142 | 0.06 | 20.8 | 20.9 | 0.00 | +1 | 14 | |
| 27450 | 613 | +18 | 0.03 | 21.0 | 21.1 | 0.00 | +1 | 4 | |
| 27500 | 900 | +66 | 0.04 | 20.8 | 21.2 | 0.00 | +0 | 5 | |
| 27550 | 390 | +23 | 0.01 | 20.9 | 20.4 | 0.00 | +0 | 1 | |
| 27600 | 321 | +35 | 0.01 | 20.7 | 20.9 | 0.00 | +0 | 1 | |
| 27650 | 135 | +7 | 0.01 | 20.8 | 21.1 | 0.00 | +0 | 0 | |
| 27700 | 83 | +6 | 0.00 | 20.8 | 20.9 | 0.00 | +0 | 0 | |
| 27750 | 48 | +3 | 0.00 | 20.7 | 21.4 | 0.00 | +0 | 0 | |
| 27800 | 23 | +2 | 0.00 | 21.1 | 21.4 | 0.00 | +0 | 0 | |
| 27850 | 11 | +-0 | 0.00 | 20.9 | 21.0 | 0.00 | +0 | 0 | |
| 27900 | 10 | -1 | 0.00 | 20.7 | 21.3 | 0.00 | +0 | 0 | |
| 27950 | 3 | +0 | 0.00 | 20.8 | 21.3 | 0.00 | +0 | 0 | |
| 28000 | 4 | +0 | 0.00 | 20.6 | 21.3 | 0.00 | +0 | 0 | |
| 28050 | 1 | +0 | 0.00 | 20.8 | 21.0 | 0.00 | +0 | 0 | |
| 28100 | 1 | +-0 | 0.00 | 21.0 | 21.5 | 0.00 | +0 | 0 | |
| 28150 | 0 | +0 | 0.00 | 21.2 | 21.6 | 0.00 | +0 | 0 | |
| 28200 | 0 | +0 | 0.00 | 21.1 | 21.2 | 0.00 | +0 | 0 | |
| 28250 | 0 | +0 | 0.00 | 21.1 | 21.5 | 0.00 | +0 | 0 | |
| 28300 | 0 | +0 | 0.00 | 20.9 | 21.1 | 0.00 | +0 | 0 | |
| 28350 | 0 | +0 | 0.00 | 20.8 | 21.6 | 0.00 | +0 | 0 | |
| 28400 | 0 | +-0 | 0.00 | 21.0 | 21.3 | 0.00 | +0 | 0 | |
| 28450 | 0 | +0 | 0.00 | 20.9 | 21.6 | 0.00 | +0 | 0 | |
| 28500 | 0 | +0 | 0.00 | 21.2 | 21.9 | 0.00 | +0 | 0 | |
| 28550 | 0 | +0 | 0.00 | 21.7 | 21.5 | 0.00 | +0 | 0 | |
| 28600 | 0 | +0 | 0.00 | 21.0 | 21.5 | 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.