Options desk read, 09 Nov 2026: NIFTY 25,045 (+0.23%), chain, OI and expected move
The desk read for 09 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 | 25,044.7 | +0.23% |
| BANKNIFTY | 59,741.2 | +1.51% |
| SENSEX | 81,106.6 | +0.13% |
| FINNIFTY | 27,384.9 | +0.75% |
| INDIA VIX | 17.4 | -5.48% |
NIFTY finished at 25,044.7 (+0.23%), a flat day, with India VIX at 17.42 (-5.48%).
NIFTY option chain
For the 09-Nov-2026 expiry the put–call ratio is 1.07, max pain sits at 25,000, the call wall is at 26,000 and the put wall at 25,000, ATM 25,050. Open interest is balanced between the two sides. The live chain is free at /option-chain/nifty.
OI build-up on the day: balanced lean — call writing at 25,050 / 25,100 (supply); put writing at 25,000 / 24,950 (support); call writers covering at 24,800 / 24,750; OI range 25,000–25,050. Call OI changed by +55,959,540 contracts and put OI by +62,984,350; PCR moved from 0.68 to 0.84.
Expected versus realised: the ATM straddle implied a day move of about ±261 points; the realised range was 245 points, 47% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹492.4 with ATM IV at 16.6%.
Premium: the straddle sat at the 89th percentile of the last 19 cycles at this time — rich — straddle above most cycles at this time.
BANKNIFTY option chain
For the 23-Nov-2026 expiry the put–call ratio is 1.27, max pain sits at 57,600, the call wall is at 60,500 and the put wall at 58,000, ATM 59,700. 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 59,500 / 59,200 (support); call writers covering at 60,100. Call OI changed by +847,170 contracts and put OI by +1,081,950; PCR moved from 0.43 to 0.59.
Expected versus realised: the ATM straddle implied a day move of about ±634 points; the realised range was 863 points, 68% of the expected range — in line with expected. The straddle to expiry was ₹1,559.5 with ATM IV at 16.8%.
Gold
XAU/USD at $4,113.00. XAU Sovereign reads 1D SELL · 4H STRONG BUY. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-11-09 FIIs were net ₹+7,212 crore and DIIs net ₹-7,173 crore in the cash market; FII index futures net -100,416 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- Core CPI m/m (USD) — 2026-11-10 19:00
- CPI m/m (USD) — 2026-11-10 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.