Options desk read, 06 Oct 2026: NIFTY 22,776 (+0.98%), chain, OI and expected move
The desk read for 06 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 | 22,776.1 | +0.98% |
| BANKNIFTY | 55,128.4 | +0.76% |
| SENSEX | 73,067.8 | +0.95% |
| FINNIFTY | 24,946.0 | +1.17% |
| INDIA VIX | 13.6 | -7.92% |
NIFTY finished at 22,776.1 (+0.98%), an up day, with India VIX at 13.61 (-7.92%).
NIFTY option chain
For the 06-Oct-2026 expiry the put–call ratio is 1.42, max pain sits at 22,750, the call wall is at 22,800 and the put wall at 22,700, ATM 22,800. Puts outnumber calls by open interest, a market that has bought protection. The live chain is free at /option-chain/nifty.
OI build-up on the day: bullish lean — call writing at 22,800 / 22,850 (supply); put writing at 22,700 / 22,650 (support); call writers covering at 22,600 / 22,500; OI range 22,700–22,800. Call OI changed by +7,930,065 contracts and put OI by +91,136,760; PCR moved from 0.63 to 1.21.
Premium: the straddle sat at the 40th percentile of the last 20 cycles at this time — fair — mid-pack against past cycles.
BANKNIFTY option chain
For the 27-Oct-2026 expiry the put–call ratio is 0.91, max pain sits at 56,000, the call wall is at 58,000 and the put wall at 55,000, ATM 55,100. Open interest is balanced between the two sides. The live chain is free at /option-chain/banknifty.
OI build-up on the day: bullish lean — call writing at 55,200 / 55,300 (supply); put writing at 55,000 / 54,900 (support); OI range 55,000–55,200. Call OI changed by +16,320 contracts and put OI by +438,180; PCR moved from 0.88 to 0.97.
Gold
XAU/USD at $4,171.20. XAU Sovereign reads 1D STRONG SELL · 4H BUY. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-10-05 FIIs were net ₹-4,699 crore and DIIs net ₹+5,182 crore in the cash market; FII index futures net -302,391 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- RBI Monetary Policy decision (repo rate) (INR) — 2026-10-07 10:00
- FOMC Meeting Minutes (USD) — 2026-10-07 23:30
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.