BSE Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | —% | ₹— | 1,700 | ₹— | 15.8% | — | — | — |
| — | — | — | —% | ₹— | 1,800 | ₹— | 14.5% | — | — | — |
| — | — | — | —% | ₹— | 1,900 | ₹— | 13.3% | — | — | — |
| — | — | — | —% | ₹— | 1,950 | ₹— | 12.8% | — | — | — |
| — | — | — | —% | ₹— | 2,000 | ₹— | 12.2% | — | — | — |
| — | — | — | —% | ₹— | 2,050 | ₹— | 11.7% | — | — | — |
| — | — | — | —% | ₹751.65 | 2,100 | ₹58.30 | —% | — | — | — |
| — | — | — | —% | ₹— | 2,150 | ₹— | 10.6% | — | — | — |
| 28K | 0 | — | —% | ₹1293.00 | 2,200 | ₹0.65 | —% | 5K | 0 | 1.2 L |
| — | — | — | —% | ₹— | 2,250 | ₹— | 9.6% | — | — | — |
| 4K | 0 | — | —% | ₹1079.90 | 2,300 | ₹0.90 | —% | 6K | +750 | 78K |
| — | — | — | —% | ₹— | 2,350 | ₹— | 8.6% | — | — | — |
| 12K | 0 | — | —% | ₹1100.35 | 2,400 | ₹1.25 | —% | 11K | -5K | 1.8 L |
| — | — | — | —% | ₹451.50 | 2,450 | ₹1.45 | —% | — | 0 | 15K |
| 67K | 0 | — | —% | ₹1020.90 | 2,500 | ₹1.55 | —% | 12K | -2K | 2.3 L |
| 8K | 0 | — | —% | ₹940.60 | 2,550 | ₹1.35 | —% | 375 | 0 | 27K |
| 56K | 0 | 750 | —% | ₹900.00 | 2,600 | ₹1.75 | —% | 37K | +2K | 2.5 L |
| 16K | 0 | — | —% | ₹668.85 | 2,650 | ₹2.00 | —% | 8K | -4K | 65K |
| 1.4 L | -375 | 750 | —% | ₹780.00 | 2,700 | ₹2.00 | 87.3% | 1.4 L | -21K | 3.8 L |
| 71K | 0 | — | 111.9% | ₹742.10 | 2,750 | ₹2.30 | 82.7% | 17K | -6K | 1.9 L |
| 1.9 L | -375 | 9K | 63.8% | ₹699.70 | 2,800 | ₹2.25 | 78.0% | 1.5 L | -32K | 6.6 L |
| 1.8 L | 0 | — | 72.4% | ₹630.00 | 2,850 | ₹2.40 | 73.5% | 52K | +2K | 2.6 L |
| 2.1 L | -375 | 3K | 72.4% | ₹626.80 | 2,900 | ₹2.50 | 68.7% | 1.4 L | -2K | 5.6 L |
| 1.1 L | -375 | 2K | 80.2% | ₹581.50 | 2,950 | ₹3.05 | 65.1% | 24K | -6K | 1.4 L |
| 3.3 L | -2K | 14K | 58.0% | ₹530.30 | 3,000 | ₹3.30 | 61.2% | 3.4 L | -3K | 7.8 L |
| 73K | 0 | — | 77.5% | ₹448.00 | 3,050 | ₹3.95 | 57.6% | 1.0 L | +5K | 2.0 L |
| 2.8 L | -8K | 13K | 50.2% | ₹417.20 | 3,100 | ₹4.70 | 54.2% | 2.9 L | -42K | 5.5 L |
| 1.4 L | 0 | — | 53.6% | ₹339.00 | 3,150 | ₹5.50 | 50.3% | 1.0 L | -11K | 1.9 L |
| 3.6 L | -14K | 42K | 44.5% | ₹331.70 | 3,200 | ₹7.50 | 47.9% | 5.9 L | -18K | 8.1 L |
| 1.5 L | -2K | 7K | 44.4% | ₹263.00 | 3,250 | ₹9.80 | 44.8% | 5.5 L | +24K | 2.9 L |
| 6.7 L | -18K | 62K | 40.4% | ₹241.00 | 3,300 | ₹13.05 | 42.1% | 9.6 L | -5K | 8.1 L |
| 1.2 L | +6K | 47K | 40.3% | ₹199.55 | 3,350 | ₹19.45 | 40.4% | 3.5 L | +8K | 2.5 L |
| 6.2 L | -68K | 6.0 L | 39.8% | ₹158.05 | 3,400 | ₹28.45 | 38.9% | 12.9 L | -21K | 7.5 L |
| 2.5 L | -23K | 6.6 L | 38.4% | ₹122.00 | 3,450 | ₹42.05 | 38.0% | 7.9 L | +72K | 3.2 L |
| 9.3 L | +67K | 25.6 L | 37.6% | ₹90.90 | 3,500ATM | ₹60.75 | 37.4% | 18.7 L | +9K | 7.4 L |
| 4.5 L | +41K | 11.8 L | 38.1% | ₹65.70 | 3,550 | ₹85.55 | 37.9% | 2.8 L | +16K | 1.2 L |
| 8.2 L | +51K | 15.0 L | 38.2% | ₹46.20 | 3,600 | ₹116.15 | 37.4% | 83K | +13K | 1.2 L |
| 1.5 L | +38K | 5.1 L | 38.5% | ₹31.75 | 3,650 | ₹199.70 | 59.8% | — | 0 | 22K |
| 7.2 L | +6K | 9.0 L | 38.7% | ₹21.15 | 3,700 | ₹190.80 | 38.6% | 4K | +1K | 17K |
| 70K | -750 | 3.4 L | 39.5% | ₹14.20 | 3,750 | ₹280.35 | 39.5% | — | 0 | 4K |
| 4.9 L | -41K | 5.9 L | 40.6% | ₹9.80 | 3,800 | ₹1051.75 | 431.3% | — | — | — |
| 15K | +14K | 38K | 41.5% | ₹6.60 | 3,850 | ₹862.15 | 318.4% | — | — | — |
| 1.2 L | +59K | 1.5 L | 42.0% | ₹4.25 | 3,900 | ₹949.10 | 345.1% | — | — | — |
| — | — | — | 2.8% | ₹— | 3,950 | ₹— | —% | — | — | — |
| — | — | — | 3.1% | ₹— | 4,000 | ₹— | —% | — | — | — |
| — | — | — | 3.4% | ₹— | 4,050 | ₹— | —% | — | — | — |
| — | — | — | 3.6% | ₹— | 4,100 | ₹— | —% | — | — | — |
| — | — | — | 3.9% | ₹— | 4,150 | ₹— | —% | — | — | — |
| — | — | — | 4.2% | ₹— | 4,200 | ₹— | —% | — | — | — |
| — | — | — | 4.4% | ₹— | 4,250 | ₹— | —% | — | — | — |
| — | — | — | 4.7% | ₹— | 4,300 | ₹— | —% | — | — | — |
| — | — | — | 4.9% | ₹— | 4,350 | ₹— | —% | — | — | — |
| — | — | — | 5.2% | ₹— | 4,400 | ₹— | —% | — | — | — |
| — | — | — | 5.4% | ₹— | 4,450 | ₹— | —% | — | — | — |
| — | — | — | 5.7% | ₹— | 4,500 | ₹— | —% | — | — | — |
| — | — | — | 6.2% | ₹— | 4,600 | ₹— | —% | — | — | — |
| — | — | — | 6.6% | ₹— | 4,700 | ₹— | —% | — | — | — |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Key Strike Levels
Immediate resistance aligns at ₹3,900, backed by peak call OI, while major support clusters at ₹1,700, reflecting maximum put OI accumulation. Secondary resistance emerges at ₹3,600–₹3,700 with rising call writing, and near-term support holds strong at ₹3,450 where fresh put OI builds. The spot at ₹3,520 sits just above this pivot zone, suggesting a range-bound bias between ₹3,450 and ₹3,600 in the short term.
OI Buildup Activity
Fresh longs dominate the 3,500 CE, adding +76,125 OI—indicating aggressive call buying just below spot, possibly for directional longs or spreads. Strong OI buildup at 3,450 PE (+70,875) points to institutional put writers establishing downside protection or retail long put positioning. The 3,600 and 3,900 CE strikes see notable writing interest, suggesting traders are capping upside bets and collecting premium.
Volatility Read
ATM IV at 37.96% sits elevated, pricing in sustained event risk or regulatory uncertainty beyond the 2026 horizon. Neutral skew confirms balanced fear/greed, with no extreme put or call bias distorting premiums.
Strategy Implication
Range-bound posture with asymmetric upside targeting ₹3,600–₹3,900 favors premium-selling strategies between 3,450 and 3,600, with watches on 3,500 call covering.