Max Pain & PCR InsightsMax Pain
Max Pain at 24,750 → Market may gravitate around this level into expiry.
PCR (Put-Call Ratio)
PCR: 0.796 (below 1) → More call writing than put writing → Bearish to range-bound sentiment.
Indicates upside is capped unless fresh put additions emerge.
India VIX
VIX at 11.37 (slightly down) → Low volatility environment.
Suggests range-bound moves with limited sharp swings, unless unexpected news flow changes the setup.
Battle Zones – Where Support & Resistance Lie
Support Zones:
- 24,500 → Secondary support zone.
- 24,600 → Strongest support, with the highest Put OI build-up.
- 24,700 → Minor support visible.
Resistance Zones:
- 24,800 → Next strong resistance level.
- 24,900 → Additional resistance zone.
- 25,000 → Major resistance, with the highest Call OI concentration.
Summery
- Strong demand zone (support): 24,500–24,600 → Put writers are actively defending.
- Heavy supply zone (resistance): 24,800–25,000 → Call writers creating a ceiling.
OI Change Analysis – Fresh Clues for Traders
Put Side:(Support build-up)
24,600 & 24,650 → Strongest Put additions → Clear sign of support building.
24,550 → Also good Put writing → extends support zone.
Beyond 24,800–24,900 → Put unwinding (fall in OI) → weaker support at higher strikes.
Support zone: 24,550–24,650 (Put writers active, defending aggressively).
Call Side:(Resistance build-up)
24,700 → Big Call writing → immediate resistance.
24,800 & 24,850 → Strong call additions → resistance zone getting heavier.
24,900–25,000 → More call writing → traders clearly capping upside here.
Resistance zone: 24,700–25,000 (Call writers building layers of resistance).
FII/DII Activity – Net Buy/Sell (Rs. Crores)- Fill Cash Market: -2,805.34
- Dll Cash Market: +3,690.06
Stocks in Ban List- RBLBANK
- SAMMAANCAP
