Oct 06 2026 NIFTY Expiry Forecast: Key Support & Resistance Levels for Weekly Options

Nifty Option Chain Analysis — CMP 22,555

Nifty is currently trading at 22,555, almost exactly around the Max Pain level of 22,550, making this an important equilibrium zone for the current expiry. The Put-Call Ratio (PCR) stands at 0.92, indicating a relatively balanced option-chain structure with a slight call-side dominance. This suggests that upside may face some resistance unless Nifty manages to build strong momentum above the key Call OI zone.

According to the option chain, 22,700 is the major resistance, as it carries the highest Call Open Interest. A sustained move above 22,700 could indicate strengthening bullish momentum and potentially open the way for higher levels. On the downside, 22,300 is the major support, backed by the highest Put Open Interest.

With CMP at 22,555, the immediate battle zone is therefore 22,550–22,700, while 22,300 remains the key downside support.

Key Option-Chain Levels

• CMP: 22,555
• Max Pain: 22,550
• Immediate Reference/Pivot: 22,550
• Major Support: 22,300
• Major Resistance: 22,700
• PCR: 0.92

Overall: Nifty is sitting almost precisely at Max Pain. A move above 22,700 would improve the bullish structure, while failure near this zone could keep Nifty range-bound or trigger a move back toward 22,550 and 22,300. Confirmation should come from changes in OI alongside price action.