NIFTY 50 Option Chain Analysis

2026-09-082026-09-152026-09-222026-09-292026-10-062026-10-272026-11-232026-12-292027-03-302027-06-292027-12-282028-06-272028-12-262029-06-262029-12-242030-06-252030-12-312031-06-24

Total CE OI

19.24 Cr

Total PE OI

16.25 Cr

PCR

0.84Neutral

CE OI	Chg	Vol	IV	LTP	Strike	LTP	IV	Vol	Chg	PE OI
0	0	—	—%	₹—	22,100	₹—	—%	—	+13.2 L	13.2 L
0	0	—	—%	₹—	22,150	₹—	—%	—	+4.4 L	12.1 L
0	0	—	—%	₹—	22,200	₹—	—%	—	+8.8 L	11.0 L
0	0	—	—%	₹—	22,250	₹—	—%	—	+28K	1.4 L
130	0	—	—%	₹—	22,300	₹—	—%	—	-2.1 L	32.5 L
585	+260	—	—%	₹—	22,350	₹—	—%	—	-2.9 L	22.1 L
0	0	—	—%	₹—	22,400	₹—	—%	—	-61K	18.5 L
0	0	—	—%	₹—	22,450	₹—	—%	—	+1.2 L	2.9 L
16K	-260	—	—%	₹—	22,500	₹—	—%	—	+40K	90.2 L
0	0	—	—%	₹—	22,550	₹—	—%	—	+1.2 L	3.6 L
0	0	—	—%	₹—	22,600	₹—	—%	—	+3.3 L	17.0 L
0	0	—	—%	₹—	22,650	₹—	—%	—	+25K	4.3 L
0	0	—	—%	₹—	22,700	₹—	—%	—	+2.1 L	21.0 L
0	0	—	—%	₹—	22,750	₹—	—%	—	+73K	6.2 L
0	0	—	—%	₹—	22,800	₹—	—%	—	+4.6 L	31.0 L
0	0	—	—%	₹—	22,850	₹—	—%	—	+2.8 L	6.9 L
65	-65	—	—%	₹—	22,900	₹—	—%	—	+12.5 L	34.1 L
195	-65	—	—%	₹—	22,950	₹—	—%	—	+7.7 L	15.0 L
65K	-20K	—	—%	₹—	23,000	₹—	—%	—	+11.6 L	1.18 Cr
455	+325	—	—%	₹—	23,050	₹—	—%	—	+28K	7.9 L
6K	+975	—	—%	₹—	23,100	₹—	—%	—	+6.6 L	31.8 L
910	+130	—	—%	₹—	23,150	₹—	—%	—	+5.2 L	17.0 L
16K	-1K	—	—%	₹—	23,200	₹—	—%	—	+9.9 L	47.8 L
65	+65	—	—%	₹—	23,250	₹—	—%	—	+10.9 L	24.8 L
26K	-5K	—	—%	₹—	23,300	₹—	—%	—	+7.0 L	42.6 L
8K	+195	—	—%	₹—	23,350	₹—	—%	—	+3.3 L	20.5 L
58K	-3K	—	—%	₹—	23,400	₹—	—%	—	-4.3 L	42.8 L
44K	+1K	—	—%	₹—	23,450	₹—	—%	—	+5.6 L	25.8 L
2.6 L	-62K	—	—%	₹—	23,500	₹—	—%	—	-1.5 L	1.04 Cr
61K	+845	—	—%	₹—	23,550	₹—	—%	—	+7.1 L	28.5 L
2.5 L	-20K	—	—%	₹—	23,600	₹—	—%	—	+28K	82.7 L
1.1 L	-13K	—	—%	₹—	23,650	₹—	—%	—	+22.4 L	49.6 L
4.3 L	-1.8 L	—	—%	₹—	23,700	₹—	—%	—	+17.5 L	77.4 L
4.8 L	+56K	—	—%	₹—	23,750	₹—	—%	—	+15.7 L	42.6 L
20.0 L	-8.1 L	—	—%	₹—	23,800	₹—	—%	—	+38.7 L	1.10 Cr
12.7 L	-5.3 L	—	—%	₹—	23,850	₹—	—%	—	+22.1 L	59.0 L
50.3 L	-27.5 L	—	—%	₹—	23,900	₹—	—%	—	+41.8 L	1.11 Cr
74.7 L	+15.6 L	—	—%	₹—	23,950	₹—	—%	—	+30.9 L	58.4 L
1.52 Cr	-32.2 L	—	—%	₹—	24,000ATM	₹—	—%	—	-8.0 L	65.9 L
70.7 L	-7.3 L	—	—%	₹—	24,050	₹—	—%	—	+4.2 L	15.3 L
1.11 Cr	-10.0 L	—	—%	₹—	24,100	₹—	—%	—	-6.6 L	26.6 L
66.1 L	+14.0 L	—	—%	₹—	24,150	₹—	—%	—	+47K	7.6 L
1.17 Cr	-69K	—	—%	₹—	24,200	₹—	—%	—	-6.2 L	20.0 L
54.1 L	+10.0 L	—	—%	₹—	24,250	₹—	—%	—	-2K	4.3 L
1.05 Cr	+2.8 L	—	—%	₹—	24,300	₹—	—%	—	-32K	11.1 L
46.0 L	+2.8 L	—	—%	₹—	24,350	₹—	—%	—	-23K	1.7 L
99.8 L	+20.7 L	—	—%	₹—	24,400	₹—	—%	—	-66K	4.8 L
37.0 L	+3.0 L	—	—%	₹—	24,450	₹—	—%	—	-3K	81K
1.08 Cr	+7.2 L	—	—%	₹—	24,500	₹—	—%	—	-56K	9.0 L
32.4 L	+3.4 L	—	—%	₹—	24,550	₹—	—%	—	+6K	65K
66.6 L	-11.5 L	—	—%	₹—	24,600	₹—	—%	—	-5K	2.6 L
20.4 L	-7.0 L	—	—%	₹—	24,650	₹—	—%	—	+390	40K
52.3 L	-8.3 L	—	—%	₹—	24,700	₹—	—%	—	-6K	1.2 L
26.9 L	+9.7 L	—	—%	₹—	24,750	₹—	—%	—	-130	14K
71.2 L	-6.4 L	—	—%	₹—	24,800	₹—	—%	—	-2K	82K
9.5 L	-33K	—	—%	₹—	24,850	₹—	—%	—	+130	3K
34.1 L	-1.3 L	—	—%	₹—	24,900	₹—	—%	—	-7K	20K
10.3 L	+1.5 L	—	—%	₹—	24,950	₹—	—%	—	+520	2K
1.42 Cr	-25.0 L	—	—%	₹—	25,000	₹—	—%	—	-8K	2.0 L
11.2 L	-73K	—	—%	₹—	25,050	₹—	—%	—	0	1K
35.3 L	-5.9 L	—	—%	₹—	25,100	₹—	—%	—	-260	17K
5.5 L	-59K	—	—%	₹—	25,150	₹—	—%	—	0	715
33.8 L	-9.1 L	—	—%	₹—	25,200	₹—	—%	—	-260	15K
3.6 L	-10K	—	—%	₹—	25,250	₹—	—%	—	0	65
29.7 L	-12.9 L	—	—%	₹—	25,300	₹—	—%	—	+260	4K
3.8 L	+48K	—	—%	₹—	25,350	₹—	—%	—	0	780
25.7 L	-80K	—	—%	₹—	25,400	₹—	—%	—	0	16K
4.0 L	+41K	—	—%	₹—	25,450	₹—	—%	—	0	650
58.1 L	-13.3 L	—	—%	₹—	25,500	₹—	—%	—	-2K	1.2 L
4.0 L	+5K	—	—%	₹—	25,550	₹—	—%	—	0	455
22.1 L	+25K	—	—%	₹—	25,600	₹—	—%	—	+65	715
4.1 L	+4K	—	—%	₹—	25,650	₹—	—%	—	0	520
14.7 L	+1K	—	—%	₹—	25,700	₹—	—%	—	0	0
1.8 L	+8K	—	—%	₹—	25,750	₹—	—%	—	0	0
5.2 L	-6K	—	—%	₹—	25,800	₹—	—%	—	-130	520
2.2 L	+3K	—	—%	₹—	25,850	₹—	—%	—	0	0
5.8 L	-1.2 L	—	—%	₹—	25,900	₹—	—%	—	0	0
43K	+10K	—	—%	₹—	25,950	₹—	—%	—	0	0
27.3 L	-4.5 L	—	—%	₹—	26,000	₹—	—%	—	+14K	1.7 L
1.3 L	+27K	—	—%	₹—	26,050	₹—	—%	—	0	0
1.9 L	+33K	—	—%	₹—	26,100	₹—	—%	—	0	0
47K	+8K	—	—%	₹—	26,150	₹—	—%	—	0	0
1.2 L	+45K	—	—%	₹—	26,200	₹—	—%	—	0	2K
84K	+30K	—	—%	₹—	26,250	₹—	—%	—	0	0
1.6 L	-1.1 L	—	—%	₹—	26,300	₹—	—%	—	-65	2K
2.2 L	+6K	—	—%	₹—	26,350	₹—	—%	—	0	0
7.8 L	+2.1 L	—	—%	₹—	26,400	₹—	—%	—	+845	2K

Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.

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Key Strike Levels

The open‑interest (OI) profile shows a tight concentration around the 18 600‑point zone, with both the highest call‑side OI (18 600) and the highest put‑side OI (18 600) acting as the primary resistance and support respectively. This dual‑pile suggests that market participants expect the index to trade within a corridor anchored by 18 600 on either side. The implied price range, derived from the clustered OI, is therefore approximately 18 300 – 18 900, tightly framing the current spot of 23 897.7.

OI Buildup Activity

During the latest trading session, fresh call OI accumulates at 24 400 (+2 20,012 0), 23 950 (+1 97 90,55), and 24 150 (+1 57 63,80), indicating that option writers are adding exposure at higher strikes. On the put side, new OI builds at 23 900 (+5 69 33,285), 23 800 (+4 21 22,260), and again at 23 950 (+3 87 67,470), reflecting a comparable increase in writer positioning near the ATM region. The magnitude of these additions points to a balanced influx of both call‑ and put‑writers, reinforcing the existing OI clusters.

Volatility Read

The at‑the‑money implied volatility stands at 10.38 %, a level consistent with a relatively calm market environment. The volatility skew is neutral, indicating that market participants do not exhibit a pronounced bias toward either the upside or downside skew.

Key OI Levels

The strikes with the highest OI concentrations are 18 600 for both calls and puts, serving as the dominant resistance and support levels.

Frequently Asked Questions

What is the highest call OI strike for NIFTY 50 today?

The strike with highest call (CE) open interest for NIFTY 50 is ₹24,000 for the 2026-09-08 expiry. This acts as a key resistance level since call writers will defend this strike aggressively near expiry.

What is the highest put OI strike for NIFTY 50 today?

The strike with highest put (PE) open interest for NIFTY 50 is ₹23,000 for the 2026-09-08 expiry. This acts as a key support level — put writers will tend to defend this level near expiry.

What does OI buildup in NIFTY 50 options mean?

Open Interest (OI) buildup in NIFTY 50 options shows how many net new contracts are being created at each strike. Rising OI at a strike means fresh positions (writers or buyers). Rising OI with rising price = long buildup (bullish); rising OI with falling price = short buildup (bearish).

When does NIFTY 50 options expire?

NIFTY 50 options have their nearest expiry on 2026-09-08. NSE F&O stocks have monthly expiry contracts — typically the last Tuesday of each month. MarketNetra shows data for the nearest two expiries.

How to read NIFTY 50 option chain?

The NIFTY 50 option chain shows calls (CE) on the left and puts (PE) on the right for each strike price. Key columns: OI (total open contracts), OI Change (new positions today), Volume (today's trades), IV (implied volatility — higher = more uncertainty), and LTP (last traded price). The ATM (at-the-money) strike is highlighted in blue.