Below are the Nifty Weekly Expiry Options Trading Levels for Sep 22 2026 Trading
Nifty Expiry Range
Upper End of Expiry : 23585
Lower End of Expiry : 23284
Nifty Intraday Trading Levels
Buy Above 23510 Tgt 23561, 23612 and 23663 ( Nifty Spot Levels)
Sell Below 23400 Tgt 23353, 23302 and 22251 (Nifty Spot Levels)
Nifty Derivative Structure & Option Chain Breakdown
CMP: 23,414
Key Derivative Metrics
| Metric | Value | Technical Implication |
| Put-Call Ratio (PCR) | 1.46 | Indicates a strong base of put writing. A PCR of 1.46 leans moderately bullish to neutral on a contrarian/support basis, showing that put writers hold an active defensive cushion beneath the market. |
| Max Pain | 23,400 | Aligns tightly with the current CMP (23,414). Suggests option sellers are positioned around this gravitational handle for the current settlement cycle. |
| Immediate Support (Highest Put OI) | 23,300 | Heavy put open interest concentration, acting as the primary downside floor. |
| Immediate Resistance (Highest Call OI) | 23,600 | Thick call writing boundary capping immediate upside expansion. |
Option Chain Support & Resistance Grid (CMP: 23,414)
Given the spot price of 23,414, the immediate strike option chain architecture outlines the localized lines in the sand:
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Immediate Resistance 1 (R1): 23,500 Strike
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Context: Serves psychologically and structurally as the first intermediate ceiling where fresh call writing builds up just ahead of the heavy 23,600 resistance wall.
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Key Resistance (R2): 23,600 Strike
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Context: Highest Call Open Interest. A sustained breakout above 23,500 targets this zone; failure here invites mean-reversion toward Max Pain.
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Immediate Support 1 (S1): 23,400 Strike
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Context: Houses the Max Pain anchor and acts as the immediate pivot zone. Defending this level keeps the intraday bias stable.
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Key Support (S2): 23,300 Strike
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Context: Highest Put Open Interest base. A breakdown below 23,400 shifts focus directly to this deeper structural floor.
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Nifty Call Options for LONG Trade
Nifty PUT Options for LONG Trade
Nifty Call Options for SHORT Trade
Nifty 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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