Below are the SENSEX Weekly Expiry Options Trading Levels for 23 July 2026 Trading .
Options are for 23 July 2026 SENSEX Weekly Expiry.
SENSEX Expiry Range
Upper End of Expiry : 77278
Lower End of Expiry : 76209
SENSEX Intraday Trading Levels
Buy Above 76801 Tgt 76940, 77079 and 77278 ( SENSEX Spot Levels)
Sell Below 76663 Tgt 76525, 76386 and 76209 (SENSEX Spot Levels)
Why You Are Losing at 9:15 AM (And the 23-Minute Routine to Fix It)
Sensex Options Data Analysis
. Sentiment & PCR Dynamics
The Put-Call Ratio (PCR) at 0.57 reflects aggressive call writing and a dominant bearish bias among option writers. However, a PCR creeping below 0.60 signals that the index is entering deep oversold territory. This extreme skew makes the market highly sensitive to short-covering bounces if critical support levels are held.
2. Max Pain Alignment
The Current Market Price (CMP) at 76,749.60 is trading virtually on top of the Max Pain level of 76,800. This tight 50-point spread indicates that option sellers are currently positioned for minimal payout near 76,800. The Max Pain level will act as a strong gravitational pivot, anchoring price action around this zone in the near term.
3. Critical Trade Parameters
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Primary Resistance (77,700 Call OI): Heavy call concentration at 77,700 marks the upper ceiling for the current series, representing a major hurdle for any sustained upward expansion.
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Primary Support (76,000 Put OI): Maximum put open interest at 76,000 establishes a firm institutional demand floor.
Tactical Execution View
While high call open interest caps major upside, the combination of an oversold PCR (0.57) and proximity to Max Pain (76,800) favors a tactical range-bound approach. Look for stabilization near the 76,000 – 76,200 demand cluster for mean-reversion plays targeting 76,800 – 77,200.
SENSEX Call Options for LONG Trade
SENSEX PUT Options for LONG Trade
SENSEX Call Options for SHORT Trade
SENSEX PUT Options for SHORT Trade
Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.
As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.
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