Nifty and Bank Nifty Option Chain Analysis (9 October 2026): PCR 1.27, Max Pain 22,500

Option chain snapshot — 9 October 2026

Derivative positioning as of 03:50 pm IST, read from the live option chain for the nearest expiry.

Nifty option chain positioning

Nifty is at 22,520.45 with the at-the-money strike at 22,500. The put-call ratio of 1.27 shows heavier put writing, which usually reflects a supportive bias. The highest call open interest sits at 23,000, acting as near-term resistance, and the highest put open interest at 22,500, acting as near-term support. Max pain — the strike where option writers lose least at expiry — is 22,500.

Bank Nifty option chain positioning

Bank Nifty is at 55,256.65 with the at-the-money strike at 55,300. The put-call ratio of 0.98 is close to neutral. The highest call open interest sits at 56,000, acting as near-term resistance, and the highest put open interest at 55,000, acting as near-term support. Max pain — the strike where option writers lose least at expiry — is 55,700.

How to read these numbers

Open interest concentration marks the strikes where writers have taken the most risk, so those levels often behave as support and resistance until positions unwind. A PCR above roughly 1.2 with rising spot typically means put writers are confident; below 0.8 it means call writers are. Max pain is a positioning statistic, not a forecast — it shifts as open interest builds through the expiry week, so re-check it daily rather than trading it as a target.

Key takeaways

• Nifty spot: 22,520.45
• PCR: 1.27
• Max pain: 22,500

About this report

Every figure on this page is read from a primary source at the timestamp shown — exchange boards for equities and indices, the exchange bid book for IPOs, published association rates for bullion, and consolidated exchange quotes for crypto — with no estimation or third-party commentary. Historical fields such as trailing returns and 52-week extremes are computed on the adjusted daily series so splits and bonuses do not create false gaps. A timestamp outside market hours reflects the last traded or last published value, not a live tick.

Related live pages

• Nifty option chain
• Bank Nifty option chain
• Nifty today
• Bank Nifty today

Sources

• NSE India F&O option chain data delivered through our exchange data feed
• TrendRipperX option chain pages

“This report is generated automatically from live exchange and official association data at the time stamped above. Prices move continuously — verify on the source before acting. Nothing here is investment advice.”