Options desk read, 05 Nov 2026: NIFTY 24,537 (+2.40%), chain, OI and expected move
The desk read for 05 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 | 24,536.6 | +2.40% |
| BANKNIFTY | 57,773.7 | +3.33% |
| SENSEX | 79,310.0 | +2.60% |
| FINNIFTY | 26,600.5 | +3.99% |
| INDIA VIX | 15.6 | +2.57% |
NIFTY finished at 24,536.6 (+2.40%), an up day, with India VIX at 15.58 (+2.57%).
NIFTY option chain
For the 09-Nov-2026 expiry the put–call ratio is 1.35, max pain sits at 24,350, the call wall is at 25,000 and the put wall at 23,000, ATM 24,550. 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 24,400 / 24,300 (support); call writers covering at 24,500 / 24,300. Call OI changed by -11,616,540 contracts and put OI by +53,116,245; PCR moved from 0.07 to 0.75.
Expected versus realised: the ATM straddle implied a day move of about ±247 points; the realised range was 284 points, 58% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹326.7 with ATM IV at 16.0%.
BANKNIFTY option chain
For the 23-Nov-2026 expiry the put–call ratio is 1.15, max pain sits at 56,800, the call wall is at 58,000 and the put wall at 55,000, ATM 57,800. 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 57,500 / 57,700 (support); call writers covering at 58,000 / 57,200. Call OI changed by +83,100 contracts and put OI by +2,114,280; PCR moved from 0.37 to 0.71.
Expected versus realised: the ATM straddle implied a day move of about ±513 points; the realised range was 1,130 points, 110% of the expected range — in line with expected. The straddle to expiry was ₹1,455.3 with ATM IV at 14.1%.
Gold
XAU/USD at $4,120.90. XAU Sovereign reads 1D NEUTRAL · 4H STRONG BUY. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-11-04 FIIs were net ₹+7,284 crore and DIIs net ₹-3,712 crore in the cash market; FII index futures net -185,979 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- Average Hourly Earnings m/m (USD) — 2026-11-06 19:00
- Non-Farm Employment Change (USD) — 2026-11-06 19:00
- Unemployment Rate (USD) — 2026-11-06 19:00
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.