Options desk read, 06 Nov 2026: NIFTY 25,030 (+2.01%), chain, OI and expected move
The desk read for 06 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 | 25,030.3 | +2.01% |
| BANKNIFTY | 59,086.0 | +2.27% |
| SENSEX | 81,028.0 | +2.17% |
| FINNIFTY | 27,284.0 | +2.57% |
| INDIA VIX | 17.5 | +12.13% |
NIFTY finished at 25,030.3 (+2.01%), an up day, with India VIX at 17.47 (+12.13%).
NIFTY option chain
For the 09-Nov-2026 expiry the put–call ratio is 1.64, max pain sits at 24,700, the call wall is at 26,000 and the put wall at 24,000, ATM 25,050. 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 24,800 / 25,000 (support); call writers covering at 24,800 / 24,750. Call OI changed by -5,257,850 contracts and put OI by +45,182,475; PCR moved from 0.18 to 0.71.
Expected versus realised: the ATM straddle implied a day move of about ±316 points; the realised range was 642 points, 102% of the expected range — in line with expected. The straddle to expiry was ₹364.0 with ATM IV at 20.1%.
BANKNIFTY option chain
For the 23-Nov-2026 expiry the put–call ratio is 1.25, max pain sits at 57,100, the call wall is at 60,000 and the put wall at 58,000, ATM 59,100. Puts outnumber calls by open interest, a market that has bought protection. The live chain is free at /option-chain/banknifty.
OI build-up on the day: bullish lean — put writing at 58,500 / 59,000 (support); call writers covering at 59,000 / 59,500. Call OI changed by +185,490 contracts and put OI by +1,494,270; PCR moved from 0.38 to 0.63.
Expected versus realised: the ATM straddle implied a day move of about ±607 points; the realised range was 1,765 points, 145% of the expected range — expanding — realised beyond expected, straddles paying. The straddle to expiry was ₹1,648.0 with ATM IV at 16.3%.
Gold
XAU/USD at $4,063.10. XAU Sovereign reads 1D SELL · 4H BUY. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-11-05 FIIs were net ₹+14,975 crore and DIIs net ₹-10,445 crore in the cash market; FII index futures net -137,438 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.