Options desk read, 15 Sep 2026: NIFTY 23,119 (-1.19%), chain, OI and expected move
The desk read for 15 Sep 2026: where NIFTY and BANKNIFTY closed, what the option chain, open interest and expected move said about it, how gold's engine is leaning, and what tomorrow carries.
The close
| Index | Close | Day |
|---|---|---|
| NIFTY 50 | 23,118.6 | -1.19% |
| BANKNIFTY | 55,794.8 | -1.43% |
| SENSEX | 74,003.8 | -1.04% |
| FINNIFTY | 25,076.7 | -1.83% |
| INDIA VIX | 13.4 | +9.28% |
NIFTY finished at 23,118.6 (-1.19%), a down day, with India VIX at 13.43 (+9.28%).
NIFTY option chain
For the 15-Sep-2026 expiry the put–call ratio is 0.54, max pain sits at 23,150, the call wall is at 23,300 and the put wall at 23,100, ATM 23,100. Calls outnumber puts by open interest, a market leaning long. The live chain is free at /option-chain/nifty.
Expected versus realised: the ATM straddle implied a day move of about ±200 points; the realised range was 474 points, 118% of the expected range — expanding — realised beyond expected, straddles paying. The straddle to expiry was ₹355.0 with ATM IV at 13.8%.
Premium: the straddle sat at the 60th percentile of the last 20 cycles at this time — fair — mid-pack against past cycles.
BANKNIFTY option chain
For the 29-Sep-2026 expiry the put–call ratio is 0.79, max pain sits at 57,100, the call wall is at 57,500 and the put wall at 54,000, ATM 55,800. Open interest is balanced between the two sides. The live chain is free at /option-chain/banknifty.
Expected versus realised: the ATM straddle implied a day move of about ±524 points; the realised range was 1,202 points, 115% of the expected range — expanding — realised beyond expected, straddles paying. The straddle to expiry was ₹1,342.7 with ATM IV at 14.9%.
Premium: the straddle sat at the 65th percentile of the last 17 cycles at this time — fair — mid-pack against past cycles.
Gold
XAU/USD at $4,291.70. XAU Sovereign reads 1D NEUTRAL · 4H SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-09-11 FIIs were net ₹-931 crore and DIIs net ₹+1,968 crore in the cash market; FII index futures net -284,882 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- CPI y/y (inflation) (INR) — 2026-09-15 16:00
- Federal Funds Rate (USD) — 2026-09-16 23:30
- FOMC Economic Projections (USD) — 2026-09-16 23:30
- FOMC Statement (USD) — 2026-09-16 23:30
- FOMC Press Conference (USD) — 2026-09-17 00:00
Full week in IST at /calendar.
Reads like this take a minute when the panels do the counting. The terminal's OISCAN, MOVE, IVP and RISK panels ran every number above live through the session, and the VIP Indicator's three engines mark the trades on the chart.