NIFTY Option Chain

Expiry:

Spot Price

22,483.75

Put/Call Ratio (PCR)

1.2

Bullish bias

Max Pain

22,500

expiry magnet

Key Support

22,400

highest PE OI

Key Resistance

22,500

highest CE OI

In-the-money (ITM) At-the-money (ATM)

Calls (CE)				Strike	Puts (PE)
OI (Contracts)	Chg OI	IV	LTP (₹)	Strike Price	LTP (₹)	IV	Chg OI	OI (Contracts)
2	+0	—	0.00	20,050	0.90	40.41	+15,485	81,588
0	+0	—	0.00	20,100	0.95	40.04	+14,086	68,971
0	+0	—	0.00	20,150	1.05	39.44	+3,477	5,320
0	+0	—	0.00	20,200	1.05	38.83	+3,961	12,930
0	+0	—	0.00	20,250	1.10	38.20	+1,109	4,920
0	+0	—	0.00	20,300	1.10	37.39	+6,093	14,775
0	+0	—	0.00	20,350	1.20	36.59	+3,234	6,286
0	+0	—	0.00	20,400	1.15	35.78	+5,431	13,755
0	+0	—	0.00	20,450	1.25	35.29	+5,847	13,678
4	+0	53.93	2,015.00	20,500	1.20	34.32	+9,024	71,268
0	+0	—	0.00	20,550	1.30	33.81	+5,830	7,966
0	+0	—	0.00	20,600	1.35	33.14	+3,311	19,153
0	+0	—	0.00	20,650	1.40	32.45	+2,363	5,881
0	+0	—	0.00	20,700	1.45	31.76	+8,839	28,643
0	+0	—	0.00	20,750	1.50	31.06	+2,027	6,903
0	+0	—	0.00	20,800	1.55	30.23	+19,523	42,493
0	+0	—	0.00	20,850	1.65	29.63	+9,170	12,211
0	+0	—	0.00	20,900	1.70	28.91	+4,982	20,852
0	+0	—	0.00	20,950	1.75	28.27	+5,454	10,354
161	-29	—	1,470.20	21,000	1.90	27.62	+20,312	2,01,787
0	+0	—	0.00	21,050	1.95	26.95	+3,528	9,975
0	+0	—	0.00	21,100	2.00	26.27	+14,513	39,001
0	+0	—	0.00	21,150	2.15	25.57	+14,564	21,627
0	+0	—	0.00	21,200	2.30	24.93	+53,551	1,20,182
0	+0	—	0.00	21,250	2.50	24.33	+18,345	28,163
42	-1	—	1,177.50	21,300	2.50	23.52	+37,526	78,602
1	+0	—	0.00	21,350	2.70	22.88	+13,042	23,999
38	+0	—	1,040.00	21,400	2.85	22.10	+34,019	83,492
4	-1	—	1,028.30	21,450	3.15	21.62	+14,930	27,231
1,164	-47	—	985.00	21,500	3.50	20.98	+35,259	1,83,687
27	-43	17.76	942.20	21,550	3.80	20.39	+14,709	36,770
129	-65	23.94	903.15	21,600	4.15	19.76	+22,748	81,815
39	-2	23.33	854.50	21,650	4.70	19.22	+7,122	46,258
333	+24	19.70	803.00	21,700	5.35	18.67	+16,049	92,444
226	+40	15.05	754.00	21,750	6.10	18.10	+18,856	43,926
1,124	-270	8.94	685.00	21,800	7.05	17.61	+36,742	1,40,609
432	+136	11.50	650.40	21,850	8.30	17.12	+23,905	56,910
1,444	+101	16.06	606.75	21,900	10.05	16.74	+29,708	89,537
756	-62	15.44	553.30	21,950	12.20	16.34	+24,201	50,520
10,508	-5,643	14.11	513.55	22,000	15.00	16.01	+59,335	2,18,853
2,131	+51	14.14	467.05	22,050	18.40	15.65	+32,366	54,285
6,632	-3,626	14.09	419.45	22,100	22.95	15.37	+60,520	1,20,909
4,434	-2,359	13.85	376.60	22,150	28.35	15.02	+28,536	60,438
29,092	-21,138	13.71	332.60	22,200	35.30	14.71	+90,096	1,88,740
19,123	-31,126	13.39	291.90	22,250	43.75	14.47	+61,955	96,320
57,401	-43,985	13.07	252.25	22,300	54.15	14.22	+1,79,110	2,62,742
31,190	-17,815	13.13	214.60	22,350	66.95	13.97	+1,18,135	1,36,280
1,01,204	-63,101	12.84	180.00	22,400	82.35	13.80	+2,23,006	2,68,513
1,01,165	+42,457	12.73	148.50	22,450	100.90	13.62	+1,34,907	1,53,045
2,49,431	+56,820	12.66	120.50	22,500	122.20	13.41	+1,90,903	2,36,090
1,26,703	+53,625	12.51	95.60	22,550	147.70	13.29	+39,500	51,209
2,24,689	+61,698	12.37	74.50	22,600	176.30	13.24	+28,449	70,165
90,909	+6,267	12.25	56.55	22,650	208.85	13.13	+8,812	19,849
2,01,401	+8,762	12.21	42.30	22,700	244.60	13.02	+6,923	51,045
95,745	+12,486	12.17	31.05	22,750	283.40	13.15	+1,951	8,482
1,72,749	+11,921	12.15	22.25	22,800	324.65	13.27	+97	17,457
91,993	+20,273	12.21	15.90	22,850	367.95	13.51	+464	3,197
1,40,812	+28,896	12.24	11.15	22,900	413.25	13.86	-1,496	8,679
57,429	+7,891	12.46	8.10	22,950	460.00	14.15	-322	3,784
2,36,601	+20,699	12.75	6.20	23,000	505.15	14.78	-1,108	13,462
48,690	+12,278	13.00	4.55	23,050	561.65	15.07	+22	1,162
1,04,488	+9,665	13.26	3.40	23,100	605.00	17.26	-402	4,667
48,395	+10,577	13.63	2.70	23,150	658.40	16.11	-23	503
1,19,933	-33,317	14.17	2.35	23,200	700.15	16.07	-299	3,725
32,001	-14,227	14.64	2.00	23,250	758.50	20.42	-167	2,678
1,02,669	-10,099	15.28	1.75	23,300	806.90	17.92	-94	3,264
19,668	-4,292	15.88	1.60	23,350	882.45	26.28	+0	200
73,637	-33,491	16.52	1.50	23,400	922.00	17.95	-4	3,367
22,010	-7,303	16.98	1.35	23,450	978.00	27.22	-4	153
1,61,589	-35,815	17.56	1.20	23,500	1,017.00	24.19	-709	4,460
16,140	-1,025	18.21	1.10	23,550	1,024.05	—	-5	666
56,241	-11,351	18.74	1.00	23,600	1,112.00	23.16	-34	982
7,403	-80	19.24	0.95	23,650	1,140.00	—	+1	150
47,466	-21,126	19.83	0.90	23,700	1,189.25	—	-38	542
9,274	-219	20.54	0.95	23,750	0.00	49.20	+0	58
55,525	-14,527	20.96	0.75	23,800	1,304.80	—	-32	476
18,525	-510	21.34	0.70	23,850	0.00	55.07	+0	25
32,216	-10,947	21.85	0.65	23,900	1,415.75	31.05	-12	1,448
13,350	-393	22.52	0.65	23,950	0.00	—	+0	170
1,39,341	-74,340	23.19	0.65	24,000	1,500.10	25.20	-165	4,772
11,269	-2,091	23.66	0.55	24,050	1,541.40	—	+0	7
14,529	-24,050	24.31	0.65	24,100	1,701.00	58.89	+0	929
3,051	+158	24.75	0.55	24,150	0.00	73.26	+0	26
7,429	-9,873	25.39	0.55	24,200	1,700.00	—	-32	908
2,613	+49	26.04	0.55	24,250	1,765.00	36.82	+0	26
8,963	-171	26.43	0.55	24,300	1,790.00	—	-18	654
1,603	+198	26.79	0.50	24,350	0.00	—	+0	11
3,891	-1,443	27.69	0.50	24,400	1,923.95	44.53	-3	149
1,597	-390	28.04	0.45	24,450	0.00	—	+0	3
32,181	-12,164	28.94	0.45	24,500	2,015.00	41.16	-24	1,702
966	-1	29.27	0.45	24,550	0.00	—	+0	0
4,108	+245	29.88	0.50	24,600	2,100.00	—	-11	192
1,100	+116	30.49	0.45	24,650	0.00	—	+0	2
2,723	-121	30.77	0.40	24,700	2,197.30	—	-8	13
579	-26	31.71	0.45	24,750	0.00	—	+0	0
7,349	-527	31.59	0.40	24,800	2,300.00	—	+0	50
483	+108	32.57	0.40	24,850	0.00	58.89	+0	3
2,537	+235	33.16	0.40	24,900	0.00	45.43	+0	10
802	+74	34.11	0.40	24,950	0.00	47.71	+0	8
21,136	+874	33.94	0.40	25,000	2,490.00	—	-5	1,226
834	-213	35.30	0.45	25,050	0.00	41.85	+0	8
1,108	+318	35.51	0.40	25,100	0.00	76.79	+0	10
830	+354	36.48	0.45	25,150	0.00	46.00	+0	16
1,978	+766	37.07	0.45	25,200	0.00	39.25	+0	14
1,119	+235	37.26	0.40	25,250	2,862.65	87.52	+0	9
2,325	-172	38.23	0.40	25,300	0.00	—	+0	0
1,599	-60	38.41	0.40	25,350	0.00	46.49	+0	8
10,453	-1,628	38.54	0.35	25,400	0.00	—	+0	200

Option Chain Guide

• ITM (In-the-money) columns are highlighted in gold.
• The horizontal red and green bars behind the Open Interest (OI) numbers show the volume weight of the contract, helping you easily identify support (green) and resistance (red) levels.
• The row with the gold highlight represents the current ATM (At-the-money) strike price nearest to the spot index.

Learn More

Understanding the Nifty Option Chain

A comprehensive guide to analyzing derivatives data for better trading decisions.

What is an Option Chain?

An option chain is a comprehensive matrix that displays all available options contracts (Calls and Puts) for a specific underlying asset, like the NIFTY 50 index. It lists strike prices, premiums (LTP), implied volatility (IV), and critical data points like Open Interest (OI). Traders use the option chain to gauge market sentiment, identify support and resistance levels, and construct complex hedging strategies.

Key Indicators in the Nifty Option Chain

To effectively analyze the Nifty option chain, traders focus on several core metrics:

Open Interest (OI): The total number of outstanding derivative contracts. High OI at a specific strike price acts as a magnet for the underlying asset.
Support and Resistance: The strike price with the highest Call OI generally acts as a strong resistance level (ceiling), while the strike with the highest Put OI acts as a strong support level (floor).
Put/Call Ratio (PCR): Calculated by dividing total Put OI by total Call OI. A PCR above 1 indicates a bullish sentiment, while a PCR below 1 suggests a bearish outlook. Extreme PCR values (e.g., above 1.5 or below 0.5) often signal oversold or overbought conditions, ripe for a reversal.
Max Pain: The strike price at which option buyers lose the most money, and option sellers (writers) maximize their profits upon expiry. The market often gravitates toward this price as expiry approaches.
Implied Volatility (IV): A measure of the market's expectation of future price swings. High IV implies large expected moves (often downwards), while low IV suggests a calmer, consolidating market.

How to Trade using the Option Chain

Professional traders combine option chain data with technical analysis. For example, if Nifty is approaching a technical resistance level and the option chain shows a massive buildup of Call OI at that same strike, it confirms a high-probability reversal zone. Conversely, a sudden unwinding (reduction) of Call OI at resistance indicates "short covering," which often fuels aggressive breakout rallies.

Frequently asked questions

How often is the Nifty Option Chain updated?+

The data is refreshed automatically every few minutes during market hours directly from the NSE feed.

What does an increasing OI with rising price signify?+

This generally implies 'Long Buildup' in the market, suggesting a strong bullish trend.

Why is Max Pain important?+

Institutional option writers try to keep the expiry price near the Max Pain strike to minimize their payout to option buyers.

How is PCR calculated?+

Put Call Ratio is calculated by dividing the total Open Interest of Puts by the total Open Interest of Calls.