Polycab India Limited Option Chain Analysis
| CE OI | Chg | Vol | IV | LTP | Strike | LTP | IV | Vol | Chg | PE OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | — | —% | ₹— | 7,100 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 7,200 | ₹— | —% | — | +625 | 625 |
| 0 | 0 | — | —% | ₹— | 7,300 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 7,400 | ₹— | —% | — | +33K | 33K |
| 0 | 0 | — | —% | ₹— | 7,500 | ₹— | —% | — | +8K | 8K |
| 0 | 0 | — | —% | ₹— | 7,600 | ₹— | —% | — | +98K | 98K |
| 0 | 0 | — | —% | ₹— | 7,700 | ₹— | —% | — | +33K | 33K |
| 0 | 0 | — | —% | ₹— | 7,800 | ₹— | —% | — | +57K | 64K |
| 0 | 0 | — | —% | ₹— | 7,900 | ₹— | —% | — | +20K | 20K |
| 11K | +11K | — | —% | ₹— | 8,000 | ₹— | —% | — | +96K | 1.9 L |
| 1K | +1K | — | —% | ₹— | 8,100 | ₹— | —% | — | +22K | 22K |
| 34K | +34K | — | —% | ₹— | 8,200 | ₹— | —% | — | +50K | 1.6 L |
| 1.4 L | +1.4 L | — | —% | ₹— | 8,300 | ₹— | —% | — | +1.3 L | 1.5 L |
| 2.3 L | +2.2 L | — | —% | ₹— | 8,400 | ₹— | —% | — | +94K | 1.2 L |
| 3.7 L | +3.7 L | — | —% | ₹— | 8,500 | ₹— | —% | — | +57K | 3.0 L |
| 1.5 L | +1.4 L | — | —% | ₹— | 8,600 | ₹— | —% | — | -3K | 39K |
| 1.1 L | +98K | — | —% | ₹— | 8,700 | ₹— | —% | — | -22K | 61K |
| 1.3 L | +95K | — | —% | ₹— | 8,800 | ₹— | —% | — | -26K | 75K |
| 2.1 L | +1.4 L | — | —% | ₹— | 8,900 | ₹— | —% | — | +2K | 82K |
| 5.9 L | +2.3 L | — | —% | ₹— | 9,000ATM | ₹— | —% | — | -64K | 1.5 L |
| 2.1 L | +59K | — | —% | ₹— | 9,100 | ₹— | —% | — | -1K | 89K |
| 3.9 L | +1.6 L | — | —% | ₹— | 9,200 | ₹— | —% | — | -750 | 1.1 L |
| 1.7 L | +43K | — | —% | ₹— | 9,300 | ₹— | —% | — | -625 | 24K |
| 1.0 L | +27K | — | —% | ₹— | 9,400 | ₹— | —% | — | 0 | 28K |
| 3.2 L | +1.6 L | — | —% | ₹— | 9,500 | ₹— | —% | — | +875 | 12K |
| 55K | +500 | — | —% | ₹— | 9,600 | ₹— | —% | — | 0 | 4K |
| 77K | +18K | — | —% | ₹— | 9,700 | ₹— | —% | — | 0 | 5K |
| 0 | 0 | — | —% | ₹— | 9,800 | ₹— | —% | — | 0 | 625 |
| 500 | 0 | — | —% | ₹— | 9,900 | ₹— | —% | — | 0 | 500 |
| 2.1 L | +20K | — | —% | ₹— | 10,000 | ₹— | —% | — | 0 | 5K |
| 125 | 0 | — | —% | ₹— | 10,100 | ₹— | —% | — | 0 | 0 |
| 500 | +500 | — | —% | ₹— | 10,200 | ₹— | —% | — | 0 | 125 |
| 0 | 0 | — | —% | ₹— | 10,300 | ₹— | —% | — | 0 | 0 |
| 0 | 0 | — | —% | ₹— | 10,400 | ₹— | —% | — | 0 | 0 |
| 2K | 0 | — | —% | ₹— | 10,600 | ₹— | —% | — | +375 | 375 |
| 9K | -2K | — | —% | ₹— | 10,800 | ₹— | —% | — | 0 | 0 |
Bold CE OI = highest call writing (resistance). Bold PE OI = highest put writing (support). ATM = at-the-money.
Live Greeks Panel
Key Strike Levels
Open interest clusters at the 8,500 CE (2,06,750 contracts) and 8,000 PE (5,250 contracts) strikes, forming a clear resistance‑support envelope around the current spot of ₹8,300. The concentration of OI suggests an implied price corridor roughly between ₹8,000 and ₹8,500 for the September expiry. Breakouts beyond these levels would require a significant shift in market participants’ positioning.
OI Buildup Activity
During the latest session, the 8,500 CE strike accumulates an additional 3,67,000 contracts, while the 9,000 CE and 8,400 CE strikes gain 3,35,500 and 2,23,250 contracts respectively, indicating aggressive new long‑call writing. On the put side, the 8,300 PE strike sees an inflow of 1,46,500 contracts, with the 7,600 PE and 8,500 PE strikes adding 98,000 and 96,875 contracts, reflecting fresh protective hedging or bearish positioning.
Volatility Read
The at‑the‑money implied volatility stands at 25.27 %, modestly elevated for the underlying’s sector. The volatility skew is bearish, with out‑of‑the‑money calls priced higher than equivalent puts, signalling market bias toward downside moves.
Key OI Levels
The highest call OI resides at the 8,500 strike (2,06,750 contracts) and the highest put OI at the 8,000 strike (5,250 contracts).