Options desk read, 02 Nov 2026: NIFTY 23,441 (+1.68%), chain, OI and expected move
The desk read for 02 Nov 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 | 23,440.8 | +1.68% |
| BANKNIFTY | 55,002.2 | +0.58% |
| SENSEX | 75,692.8 | +1.66% |
| FINNIFTY | 24,899.0 | +0.76% |
| INDIA VIX | 15.5 | +1.31% |
NIFTY finished at 23,440.8 (+1.68%), an up day, with India VIX at 15.50 (+1.31%).
NIFTY option chain
For the 03-Nov-2026 expiry the put–call ratio is 1.66, max pain sits at 23,250, the call wall is at 24,000 and the put wall at 23,000, ATM 23,450. 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 — put writing at 23,200 / 23,300 (support); call writers covering at 23,200 / 23,150. Call OI changed by +19,426,485 contracts and put OI by +56,610,710; PCR moved from 0.33 to 0.71.
Expected versus realised: the ATM straddle implied a day move of about ±261 points; the realised range was 234 points, 45% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹173.7 with ATM IV at 17.7%.
BANKNIFTY option chain
For the 23-Nov-2026 expiry the put–call ratio is 0.96, max pain sits at 55,500, the call wall is at 57,000 and the put wall at 55,000, ATM 55,000. 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 55,000 / 54,900 (support); call writers covering at 54,700 / 54,600. Call OI changed by +200,250 contracts and put OI by +480,540; PCR moved from 0.94 to 1.00.
Expected versus realised: the ATM straddle implied a day move of about ±503 points; the realised range was 464 points, 46% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹1,530.9 with ATM IV at 14.5%.
Gold
XAU/USD at $3,902.10. XAU Sovereign reads 1D STRONG SELL · 4H SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-10-30 FIIs were net ₹+3,599 crore and DIIs net ₹-818 crore in the cash market; FII index futures net -240,753 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- Congressional Elections (USD) — 2026-11-03 20:46
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.