Max Pain & PCR Insights- Max Pain: 24,650 → market gravitating towards this strike for expiry settlement.
- India VIX: 12.14 ▼ (-0.09) → low volatility environment.
- PCR (Put/Call Ratio): OI Change PCR > 1 → Bullish bias intraday. More puts being added vs calls → downside protection is strong.
- Longs: Above 24,650 + PCR holds >1
- Shorts: Below 24,600 + call OI buildup
Battle Zones – Where Support & Resistance Lie
Support Zones:
24,500 : Strong support zone as per OI concentration.
24,400: Next major support if the price breaks below 24,500.
24,300 – 24,200: Critical support level, likely where fresh buying may emerge.
Resistance Zones:
24,700: Immediate resistance near the monthly pivot.
24,800 – 24,850: Next resistance zone; break above could lead to 25,000.
25,000 – 25,050: Psychological resistance; significant call OI likely here.
Interpretation:
Bullish Scenario: If Nifty holds above 24,650, target 24,800-25,000.
Bearish Scenario: Break below 24,500 may test 24,400-24,200.
OI Change Analysis – Fresh Clues for Traders
Put Side:(Support build-up)
Major additions seen at 24,400, 24,500, 24,550, and 24,600 – indicating strong support zones below spot.
Call Side:(Resistance build-up)
Noticeable additions at 24,650, 24,700, 24,750, and 24,800 – creating a short-term resistance ceiling.
FII/DII Activity – Net Buy/Sell (Rs. Crores)FII Cash Market: -3644.43
DII Cash Market: +5623.79
FII Index Futures: +460.82
FII Index Options: -5244.93
FII Stock Futures: +2594.72
FII Stock Options: +677.59
Stocks in Ban List- PGEL
- RBLBANK
- PNBHOUSING
- RBLBANK
