Sensex Options Monthly Expiry 24 Sep 2026 | Critical Levels & Trade Setup

Sensex Option Data Analysis

• Market Bias: Bearish to Range-Bound (High Call Writing)

• Spot (CMP): 74,828 | Max Pain: 74,800

• Key Range: 74,000 (Support) – 75,000 (Resistance)

Key Observations

• (PCR 1.36): A Put-Call Ratio of 1.36  indicates strong Put writing over Call writing

• Max Pain Gravity: With Max Pain at 74,800, the CMP (74,837) is trading right at the equilibrium level. Expiry dynamics suggest option sellers will attempt to pin the index near 74,750–74,850 to minimize collective payout.

• Short-Covering vs. Call Trap: The highest Call Open Interest (OI) sits at 75,000. If Sensex sustains above 74,850, aggressive short covering could propel the index toward 75,000–75,200.

• Base Support at 74,500: The highest Put OI at 74,500 serves as the major floor for the expiry. A break below 74,500 will invite fresh selling toward 74,200–74,000.

Expiry Strategy

Trade with a mild negative-to-neutral bias. Look for rejection near 74,850–74,900 for mean-reversion toward 74,800, while maintaining a strict stop-loss above 75,000.