NIFTY OPTION CHAIN ANALYSIS (ADVANCED)

Date: _9th March 2026
Index: NIFTY 50
Expiry: 10th March 2026
Spot Price: 24450.45

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OPTION CHAIN DATA SUMMARY

Strike Price	Call OI	Call OI Change	Put OI	Put OI Change	Volume	Market Signal
24550	23229	8453	16431	-7359	33.32 lakhs	Neutral
25600	72671	40989	42911	-23176	90.02 lakhs_	Bullish
24450	23817	19232	29844	11338	18.53 lakhs	Bearish
_

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SUPPORT AND RESISTANCE

Level Type	Strike Price	Strength
Major Resistance	24600	Highest Call OI
Immediate Resistance	24700	Second Highest Call OI
Major Support	24600	Highest Put OI
Immediate Support	24500	Second Highest Put OI

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PUT CALL RATIO (PCR)

Metric	Value
Total Put OI	16 00746
Total Call OI	23 65 095
PCR	0.67

Interpretation:
PCR > 1 → Bullish Sentiment
PCR < 1 → Bearish Sentiment

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MAX PAIN ANALYSIS

Metric	Value
Max Pain Level	: 24600

Max Pain is the strike price where option sellers experience the least loss at expiry.

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EXPECTED MARKET RANGE

Support	Resistance
24300	24700

Expected Range: 24300 – 24700

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DISCLAIMER

I am not a SEBI registered advisor. The analysis provided on this website is for educational and informational purposes only. It should not be considered financial or investment advice. Trading in the stock market involves significant risk. Readers should conduct their own research before making any trading decisions.

Stock Market Analysis

 

Indian Market Overview (2026-03-08)

Index Snapshot

Index	Level (₹)	Δ %
Sensex	78,918.90	-1.40% ⬇️
Nifty 50	24,450.45	-1.27% ⬇️

India VIX → 21.14 (+21%) 📈 high volatility.

Market Breadth

Metric	Value
Overall Sentiment	BULLISH ✅
Advances	1,586
Declines	574
FII Flow (as of 2026-03-06)	-₹6,030.38 cr
DII Flow (as of 2026-03-06)	+₹6,971.51 cr

DII net buying offsets FII outflows, supporting short‑term resilience.

Sector Momentum (Advances / Declines)

Sector	Advances	Declines
Finance	133	40
IT	102	36
Healthcare	106	38
FMCG	77	24
Automobile & Ancillaries	99	38
Capital Goods	118	40

📊 Finance and IT lead the rally; however, 40‑plus declines in Capital Goods signal selective weakness.

Top Gainers (Δ %)

Symbol	Name	Δ %	Market Cap
SABTNL	Sri Adhikari Brothers TV	949.97%	₹30.5 cr
SVLL	Shree Vasu Logistics	6.84%	₹6.4 cr
DOLPHIN	Dolphin Offshore	6.56%	₹16.6 cr
CEREBRAINT	Cerebra Integrated Tech	4.29%	₹0.57 cr
BLUESTONE	Bluestone Jewellery	4.04%	₹66.4 cr

Top Losers (Δ %)

Symbol	Name	Δ %	Market Cap
INDOUS	Indo Us Bio‑Tech	-16.30%	₹29 cr
SUPERSPIN	Super Spinning Mills	-9.55%	₹0.35 cr
FILATFASH	Filatex Fashions	-5.00%	₹1.8 cr
EASTSILK	Eastern Silk Industries	-4.99%	₹0.39 cr
HDIL	Housing Development & Infra	-4.86%	₹1.2 cr

High‑Upside Picks (Potential Upside > 80%)

Symbol	Name	Sector	Upside %	Avg Target (₹)	Recommendation
MPSLTD	MPS Ltd	Media & Entertainment	124.87%	3,131.5	Buy ✅
YATRA	Yatra Online Ltd	Hospitality	100.15%	218.0	Buy ✅
TEAMLEASE	TeamLease Services Ltd	IT	92.50%	2,168.67	Strong Buy 📈
JUSTDIAL	Just Dial Ltd	IT	92.39%	1,029.38	Buy ✅
FINOPB	Fino Payments Bank Ltd	Bank	91.89%	345.0	Strong Buy 📈

News Highlights

Geopolitical Tensions → West‑Asia conflict spikes crude oil, pushes rupee to ₹92.15/USD ⬇️. Trade Deal → Feb 2026 US‑India tariff reduction initially lifted sentiment. IndusInd Bank → Accounting irregularities cause >27% stock plunge; CEO resignation.

Actionable Recommendations

• DO: Track geopolitical developments and oil price movements; they drive volatility and INR pressure.
• DO: Favor sectors with strong breadth (Finance, IT, Healthcare) and consider high‑upside stocks listed above.
• DON’T: Base trades on short‑term panic from Sensex/Nifty dips; wait for confirmation of trend reversal.
• DON’T: Overlook the rising India VIX – high volatility may trigger stop‑losses.

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Disclaimer: This analysis uses data up to 2026‑03‑08 and is for informational purposes only. Investors should perform their own due diligence or consult a qualified advisor before making investment decisions.