NIFTY Options Chain
Live OI change, PCR and max pain by strike, refreshed every 3 minutes.
What the chain is saying
Since 9:15 AMOI changes are read as writing/unwinding by option sellers. It is indicative positioning, not a guarantee of direction.
Chain
Tap a strike for OI buildup| Call OI | Vol | LTP | Strike | LTP | Vol | Put OI |
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How to Read the NIFTY Options Chain
An options chain lists all available Call (CE) and Put (PE) contracts at different strike prices for a given expiry. Each row shows Open Interest (OI), the number of contracts still outstanding, along with trading Volume and Last Traded Price (LTP). Heavy OI at a strike is often watched as support or resistance, but it describes positioning, not a prediction. Use it with your own risk rules.
OI Change, the Most Important Column
OI change tracks how positions are building or unwinding since market open (9:15 AM). When Call OI increases at a strike, option writers are adding short positions, betting the index won't cross that level. That strike becomes stronger resistance. When Put OI increases, writers are adding support bets. Monitoring OI change intraday shows where institutional money is actively defending levels.
OI Buildup Classification
Each strike is classified into one of four states: Bull Build (call OI down + put OI up, support growing), Bear Build (call OI up + put OI down, resistance strengthening), Hedge (both OI rising, uncertainty or straddle activity), or Unwind (both OI falling, positions being closed before expiry).
Put-Call Ratio (PCR)
Max Pain
Max Pain is the strike where option writers collectively lose the least money if price expires there. Institutions actively manage positions to keep price near Max Pain, especially in the last 60–90 minutes of expiry day. The signal shows how far current price is from Max Pain and which direction it may gravitate.
Operator Footprint 👁
When OI at any strike exceeds 3x the average OI across all strikes, AKTV flags it with 👁. This indicates a large institutional or "operator" position at that level. Such strikes often act as hard resistance or support because the writer must defend the position to avoid heavy losses.
ATM Theta Burn
The Theta/hr tile shows how much the ATM option premium loses every hour purely from time decay. A theta of ₹15/hr means the ATM straddle loses ₹15 in value every hour even if price doesn't move. This accelerates sharply in the last 2 days before expiry. Use it to decide whether to buy or sell options.
Using Options Chain with AKTV Sniper
When AKTV Sniper fires a bullish signal at 23,600 CE, cross-check the chain: Is call OI at 23,600 low (not a wall)? Is PCR above 0.9? Is the strike near or above Max Pain? All three confirming means a higher-quality setup and filters out many false breakouts.
Options Chain कैसे पढ़ें
Options chain में किसी expiry के सारे Call (CE) और Put (PE) contracts strike के हिसाब से दिखते हैं. हर row में Open Interest (OI) यानी कितने contracts अभी खुले हैं, Volume और LTP मिलता है. जिस strike पर OI सबसे ज़्यादा होता है, उसे लोग support या resistance मानते हैं.
Call OI बढ़ना: writers उस level पर resistance बना रहे हैं. Put OI बढ़ना: support बन रहा है. PCR: 1.2 से ऊपर bullish, 0.8 से नीचे bearish, बीच में neutral. Max Pain: वो strike जहाँ writers को सबसे कम नुकसान होता है, expiry के दिन price अक्सर उसके आस-पास घूमता है.
👁 का मतलब है उस strike पर OI औसत से 3 गुना से ज़्यादा है, यानी कोई बड़ा player वहाँ बैठा है. Trade से पहले Sniper का signal, PCR और Max Pain तीनों मिलाकर देखें.
Free tool. Data: Angel One API. Market hours में हर 3 मिनट में update होता है.