Options desk read, 24 Sep 2026: NIFTY 23,063 (-1.64%), chain, OI and expected move
The desk read for 24 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 | 23,063.1 | -1.64% |
| BANKNIFTY | 55,438.5 | -1.96% |
| SENSEX | 73,580.5 | -1.67% |
| FINNIFTY | 24,954.2 | -2.39% |
| INDIA VIX | 12.7 | +22.61% |
NIFTY finished at 23,063.1 (-1.64%), a down day, with India VIX at 12.69 (+22.61%).
NIFTY option chain
For the 29-Sep-2026 expiry the put–call ratio is 0.73, max pain sits at 23,300, the call wall is at 24,000 and the put wall at 23,000, ATM 23,050. Open interest is balanced between the two sides. The live chain is free at /option-chain/nifty.
OI build-up on the day: bearish lean — call writing at 23,200 / 23,250 (supply); put writers covering at 23,300 / 23,350. Call OI changed by +55,354,845 contracts and put OI by -9,813,985; PCR moved from 1.97 to 0.88.
Expected versus realised: the ATM straddle implied a day move of about ±173 points; the realised range was 236 points, 68% of the expected range — in line with expected. The straddle to expiry was ₹259.1 with ATM IV at 11.9%.
BANKNIFTY option chain
For the 29-Sep-2026 expiry the put–call ratio is 0.75, max pain sits at 56,500, the call wall is at 57,500 and the put wall at 54,000, ATM 55,400. Open interest is balanced between the two sides. The live chain is free at /option-chain/banknifty.
OI build-up on the day: bearish lean — call writing at 56,000 / 55,500 (supply); put writers covering at 56,000 / 55,000. Call OI changed by +3,246,540 contracts and put OI by -1,108,590; PCR moved from 2.48 to 1.03.
Expected versus realised: the ATM straddle implied a day move of about ±513 points; the realised range was 577 points, 56% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹777.2 with ATM IV at 14.7%.
Gold
XAU/USD at $4,283.10. XAU Sovereign reads 1D STRONG SELL · 4H STRONG SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-09-23 FIIs were net ₹+1,617 crore and DIIs net ₹+2,341 crore in the cash market; FII index futures net -298,613 contracts. History and participant positioning at /fii-dii.
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.