Options desk read, 12 Nov 2026: NIFTY 25,299 (+0.18%), chain, OI and expected move
The desk read for 12 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 | 25,299.3 | +0.18% |
| BANKNIFTY | 61,518.5 | +1.19% |
| SENSEX | 81,911.0 | +0.04% |
| FINNIFTY | 28,057.2 | +1.42% |
| INDIA VIX | 16.6 | -5.35% |
NIFTY finished at 25,299.3 (+0.18%), a flat day, with India VIX at 16.62 (-5.35%).
NIFTY option chain
For the 17-Nov-2026 expiry the put–call ratio is 0.85, max pain sits at 25,200, the call wall is at 26,000 and the put wall at 24,000, ATM 25,300. 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 25,300 / 25,350 (supply); put writing at 25,000 / 25,250 (support); OI range 25,000–25,300. Call OI changed by +10,737,935 contracts and put OI by +15,865,785; PCR moved from 0.58 to 0.71.
Expected versus realised: the ATM straddle implied a day move of about ±249 points; the realised range was 242 points, 49% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹367.4 with ATM IV at 15.6%.
BANKNIFTY option chain
For the 23-Nov-2026 expiry the put–call ratio is 1.28, max pain sits at 59,000, the call wall is at 62,000 and the put wall at 58,000, ATM 61,500. 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 61,000 / 61,300 (support); call writers covering at 60,900 / 61,900. Call OI changed by +443,790 contracts and put OI by +1,119,060; PCR moved from 0.50 to 0.68.
Expected versus realised: the ATM straddle implied a day move of about ±686 points; the realised range was 823 points, 60% of the expected range — in line with expected. The straddle to expiry was ₹1,510.3 with ATM IV at 17.7%.
Gold
XAU/USD at $3,937.80. XAU Sovereign reads 1D SELL · 4H STRONG SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-11-12 FIIs were net ₹+7,831 crore and DIIs net ₹-6,331 crore in the cash market; FII index futures net -70,413 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- CPI y/y (inflation) (INR) — 2026-11-12 16:00
- Core PPI m/m (USD) — 2026-11-13 19:00
- PPI m/m (USD) — 2026-11-13 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.