For the next trading day, options point to about 0.8% either way: Nifty between 22,340 and 22,701 (from 22,520).
Lower end 22,340
Now 22,520Upper end 22,701
Candles are Nifty near-month futures (end-of-day). The shaded bars on the right are the ranges options price in for tomorrow and till expiry, shifted to the futures level. A range, not a prediction.
Since 2024, the next day's close landed inside this one-day range 74% of the time (506 of 683 days).
Last 20 days: where it actually closed the next day
Green bar: the one-day range options gave. Dot: the next day's close (green = inside, red = outside).
09-09
23,478 ✓
09-10
23,398 ✓
09-11
23,117 ✗
09-15
23,217 ✓
09-16
23,271 ✓
09-17
23,346 ✓
09-18
23,414 ✓
09-21
23,329 ✓
09-22
23,447 ✓
09-23
23,060 ✗
09-24
23,140 ✓
09-25
22,777 ✗
09-28
22,716 ✓
09-29
22,620 ✓
09-30
22,421 ✗
10-01
22,555 ✓
10-05
22,775 ✗
10-06
22,602 ✗
10-07
22,229 ✗
10-08
22,519 ✗
Where Nifty can go till 2026-10-13 (weekly expiry, 4 Days left)
Options traders are pricing in a move of about 1.1% either way. That puts Nifty between 22,266 and 22,775 (now 22,520).
Lower end 22,266
Now 22,520Upper end 22,775
Since 2024, Nifty weekly ended inside its starting range 67% of the time (97 of 144 expiries). The rest of the time it ended outside.
Last 12 expiries: where it actually ended
Green bar: the range options expected at the start. Dot: where it ended (green = inside, red = outside).
07-21
24,187 ✓
07-28
23,984 ✓
08-04
24,607 ✗
08-11
24,471 ✓
08-18
24,153 ✓
08-25
24,334 ✓
09-01
24,054 ✓
09-08
23,631 ✗
09-15
23,113 ✗
09-22
23,328 ✓
09-29
22,708 ✗
10-06
22,776 ✓
Ended inside the range 8 of the last 12 times.
Busy levels: Most call contracts are open at 23,000 and most put contracts at 22,500. The "max pain" level is 22,500. These are just where most contracts sit, not guaranteed turning points.
Options are priced about normally right now.
All the numbers (for experienced traders)
ATM IV
12.7%
ATM IV vs previous day: -1.68 pts
IV rank
63%
Expected move
±1.13%
±255 points
ATM straddle
0.91%
PCR (OI)
1.28
Max pain
22,500
-0.1% from spot
Call / put wall
23,000 / 22,500
Gamma flip
+0.1%
from spot
Spot / Fut
22,520
Expiry
2026-10-13
4 Days left
ATM IV history (60)
Expected vs actual move, last 12 expiries
Where Nifty can go till 2026-10-27 (monthly expiry, 18 Days left)
Options traders are pricing in a move of about 2.9% either way. That puts Nifty between 21,874 and 23,167 (now 22,520).
Lower end 21,874
Now 22,520Upper end 23,167
Since 2024, Nifty monthly ended inside its starting range 76% of the time (25 of 33 expiries). The rest of the time it ended outside.
Last 12 expiries: where it actually ended
Green bar: the range options expected at the start. Dot: where it ended (green = inside, red = outside).
10-28
25,902 ✗
11-25
25,885 ✓
12-30
25,939 ✓
01-27
25,164 ✗
02-24
25,423 ✓
03-30
22,126 ✗
04-28
23,937 ✓
05-26
23,914 ✓
06-30
23,866 ✓
07-28
23,985 ✓
08-25
24,332 ✓
09-29
22,660 ✗
Ended inside the range 8 of the last 12 times.
Busy levels: Most call contracts are open at 23,500 and most put contracts at 22,000. The "max pain" level is 23,000. These are just where most contracts sit, not guaranteed turning points.
Options are priced about normally right now.
All the numbers (for experienced traders)
ATM IV
13.2%
ATM IV vs previous day: -1.53 pts
IV rank
65%
Expected move
±2.87%
±646 points
ATM straddle
2.30%
PCR (OI)
0.98
Max pain
23,000
+2.1% from spot
Call / put wall
23,500 / 22,000
Gamma flip
-0.2%
from spot
Spot / Fut
22,520
Expiry
2026-10-27
18 Days left
ATM IV history (60)
Expected vs actual move, last 12 expiries
This is a range implied by option prices, not a prediction. Price can end outside it and we do not say which way.
Free view shows the last 60 days. The full history comes with the free 5-day trial.
Common questions about Nifty options
What is the Nifty expected move today?
Using end-of-day data for 2026-10-09, options imply about ±1.13% for the weekly expiry on 2026-10-13. It is a range options price in, not a forecast of direction.
What is the Nifty max pain?
For the weekly expiry on 2026-10-13, max pain is 22,500, about 0.1% below spot. Treat it as a reference point, not a target.
What is the Nifty put call ratio (PCR)?
The open-interest PCR for the weekly expiry is 1.28. Above 1 means more put than call open interest. Readings are debated and it is not a signal.