Sensex Weekly Expiry Options Trade Plan: Gann Levels for CE and PE for 15 October 2026

SENSEX OPTIONS DATA ANALYSIS

Sensex is currently trading at 72,781, positioned just below its Max Pain level of 72,800. The broader derivatives structure reflects a mildly bullish to range-bound bias heading into expiry.

• Sentiment & PCR: A Put-Call Ratio (PCR) of 1.19 indicates positive market sentiment, showing heavier put writing relative to call writing as option sellers build a downside cushion.

• Support & Resistance Range: The primary trading band is sharply defined between 72,500 and 73,000.

  • Support (72,500): Highest Put Open Interest (OI) sits here, serving as a firm base. A breach below this could trigger long unwinding toward 72,250.

  • Resistance (73,000): Maximum Call OI is concentrated at 73,000, acting as a sturdy ceiling. A decisive breakout above 73,000 could force call writers to cover, sparking a sharp momentum rally.

• Max Pain Gravity: With the Current Market Price (72,781) hovering right around the 72,800 Max Pain strike, the index is naturally drawn toward this point to minimize overall option payouts.

Trading Takeaway: Expect consolidation within the 72,500–73,000 band. Range-bound strategies like iron condors or short strangles around 72,800 remain favorable unless 73,000 or 72,500 breaks with significant volume.