Nifty Options OI, PCR & Max Pain
Live Nifty options open interest, put-call ratio (PCR) and max-pain levels at nearest expiry. Educational options-context dashboard, not trade advice.
Live nearest-expiry Nifty options positioning: open interest distribution across strikes, put-call ratio (PCR) and max-pain level. Highest call OI marks soft resistance; highest put OI marks soft support; PCR gauges put versus call positioning; max pain is the expiry close that minimises payout to option buyers.
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How Traders Pair Insights With Scanners
Breadth as background context
Breadth summarizes how widely moves are shared. Widely-supported uptrends are often scrutinized differently from narrow, index-led tape—use the gauges here as background when you vet scanner rows yourself.
Prioritise leading sectors
Leadership rotates: some sectors outperform for quarters, others stall. Identify the cohorts labelled strongest on our heatmaps, then open Pre-Breakout Stocks or Breakout Stocks to see whether individual names match the same story the sector chart suggests.
Combine top-down and bottom-up analysis
A strong stock chart inside a weak sector can raise different questions than the same chart inside a leading sector. Swing Edge shows both layers so you can reason about alignment without us pushing a particular position size or trade count.
Narrow breadth vs strong sectors
If breadth weakens while indices hover high, some investors treat that as a structural warning worth studying further. The Bearish Setups page lists downside-model output for additional context—still your decision what to do with positions.
Frequently Asked Questions — Nifty Options OI, PCR & Max Pain
What is Nifty open interest?
Open interest (OI) is the total number of outstanding contracts at each strike that haven't been closed or exercised. Rising OI at a strike means new positioning is being built; falling OI means existing positions are being closed.
How is Nifty PCR calculated?
Put-Call Ratio = total put OI ÷ total call OI across the active expiry chain. Higher PCR means more put OI relative to calls; lower means the opposite.
What does max pain mean for Nifty?
Max pain is the Nifty expiry close that minimizes total payout to option buyers (and maximizes profit for writers). It's often used as a magnet hypothesis near expiry, though it's a behavioral heuristic, not a price prediction.
Is high PCR bullish or bearish?
Conventional reading: high PCR (above 1.2-1.5) is contrarian-bullish because too many puts are being written or held. Low PCR (below 0.7) is contrarian-bearish. Extreme readings precede mean reversion more often than continuation — but exceptions are common.