Options desk read, 01 Oct 2026: NIFTY 22,422 (-0.88%), chain, OI and expected move
The desk read for 01 Oct 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 | 22,422.0 | -0.88% |
| BANKNIFTY | 54,450.8 | -0.33% |
| SENSEX | 71,909.7 | -0.79% |
| FINNIFTY | 24,556.1 | -0.38% |
| INDIA VIX | 14.5 | +7.19% |
NIFTY finished at 22,422.0 (-0.88%), a down day, with India VIX at 14.46 (+7.19%).
NIFTY option chain
For the 06-Oct-2026 expiry the put–call ratio is 0.69, max pain sits at 22,550, the call wall is at 23,000 and the put wall at 22,000, ATM 22,400. Calls outnumber puts by open interest, a market leaning long. The live chain is free at /option-chain/nifty.
OI build-up on the day: bearish lean — call writing at 22,500 / 22,550 (supply); put writers covering at 22,700 / 22,600. Call OI changed by +27,818,180 contracts and put OI by +7,473,310; PCR moved from 1.05 to 0.80.
Expected versus realised: the ATM straddle implied a day move of about ±174 points; the realised range was 393 points, 113% of the expected range — expanding — realised beyond expected, straddles paying. The straddle to expiry was ₹260.5 with ATM IV at 12.3%.
BANKNIFTY option chain
For the 27-Oct-2026 expiry the put–call ratio is 0.86, max pain sits at 56,000, the call wall is at 58,000 and the put wall at 52,000, ATM 54,500. 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 54,800 / 54,900 (supply); put writers covering at 55,000 / 55,100. Call OI changed by +446,760 contracts and put OI by +255,960; PCR moved from 1.11 to 1.04.
Expected versus realised: the ATM straddle implied a day move of about ±536 points; the realised range was 1,025 points, 96% of the expected range — in line with expected. The straddle to expiry was ₹1,834.0 with ATM IV at 15.6%.
Gold
XAU/USD at $4,179.80. XAU Sovereign reads 1D STRONG SELL · 4H SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-10-01 FIIs were net ₹-9,484 crore and DIIs net ₹+10,042 crore in the cash market; FII index futures net -282,870 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- Average Hourly Earnings m/m (USD) — 2026-10-02 18:00
- Non-Farm Employment Change (USD) — 2026-10-02 18:00
- Unemployment Rate (USD) — 2026-10-02 18:00
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.