Options desk read, 28 Oct 2026: NIFTY 22,699 (-0.22%), chain, OI and expected move
The desk read for 28 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 | 22,698.8 | -0.22% |
| BANKNIFTY | 54,267.4 | +0.54% |
| SENSEX | 73,246.0 | -0.48% |
| FINNIFTY | 24,418.2 | +0.47% |
| INDIA VIX | 16.2 | -0.91% |
NIFTY finished at 22,698.8 (-0.22%), a flat day, with India VIX at 16.25 (-0.91%).
NIFTY option chain
For the 03-Nov-2026 expiry the put–call ratio is 1.05, max pain sits at 22,700, the call wall is at 24,000 and the put wall at 20,050, ATM 22,700. Open interest is balanced between the two sides. The live chain is free at /option-chain/nifty.
OI build-up on the day: bullish lean — put writing at 22,500 / 22,600 (support). Call OI changed by +23,395,060 contracts and put OI by +24,759,605; PCR moved from 0.85 to 0.93.
BANKNIFTY option chain
For the 23-Nov-2026 expiry the put–call ratio is 0.94, max pain sits at 55,500, the call wall is at 57,000 and the put wall at 54,000, ATM 54,300. 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 — put writing at 54,000 / 53,800 (support); call writers covering at 54,500. Call OI changed by +588,090 contracts and put OI by +831,000; PCR moved from 1.01 to 1.08.
Gold
XAU/USD at $4,054.40. XAU Sovereign reads 1D STRONG SELL · 4H BUY. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-10-27 FIIs were net ₹+4,240 crore and DIIs net ₹-1,250 crore in the cash market; FII index futures net -221,057 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- Federal Funds Rate (USD) — 2026-10-28 23:30
- FOMC Statement (USD) — 2026-10-28 23:30
- FOMC Press Conference (USD) — 2026-10-29 00:00
- Advance GDP q/q (USD) — 2026-10-29 18:00
- Core PCE Price Index m/m (USD) — 2026-10-29 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.