Sensex Options Monthly Expiry 29 Oct 2026 | Critical Levels & Trade Setup

Sensex Option Data Analysis

Sensex is trading at 7,3246, positioned just below the Max Pain level of 73,300, making 73,300 the immediate pivot zone for the session. The Put-Call Ratio (PCR) of 1.24 indicates relatively stronger Put writing compared with Call writing, suggesting that the options structure currently provides a supportive undertone.

On the downside, 73,300 is the key support, backed by the highest Put Open Interest and also coinciding with Max Pain. Holding above this zone would keep the structure relatively stable and could attract buying interest on dips. A sustained move below 73,300, however, would weaken the near-term setup and may increase downside pressure.

On the upside, 73,600 is the major resistance, corresponding to the highest Call Open Interest. This level is likely to act as a supply zone. A decisive move and sustained acceptance above 73,600 would indicate strengthening bullish momentum and could trigger further short covering.

Therefore, the immediate 73,300–73,600 range is crucial. Above 73,600, the bias can turn more positive, while failure to sustain 73,300 would indicate increasing weakness. With PCR at 1.24, the options data currently favors supportive-to-range-bound conditions, but a breakout from either side of this range should determine the next directional move.