Call Writers Defend 24,500-24,600
On the call side, the highest open interest is concentrated at 24,500 and 24,600, while fresh call additions are visible at 24,500 and 24,450.
This makes the 24,500-24,600 zone the immediate resistance area for the weekly expiry. As long as Nifty remains below this band, call writers are likely to retain the upper hand and restrict a meaningful recovery.
A sustained move above 24,500 would be required to ease the pressure and improve the chances of short-covering.
Put Writers Build Support at 24,400-24,450
On the put side, the highest open interest is concentrated at 24,400 and 24,450. Fresh additions are also visible at the same strikes.
This makes the 24,400-24,450 zone the immediate support area for the expiry session. With Nifty trading within this band, the behaviour of put writers around these strikes will be important through the second half of the session.
A decisive break below 24,400 could trigger put unwinding and increase downside pressure.
Nifty Weekly Expiry Outlook
The derivatives setup remains tilted towards the bears as of 12:40 PM. The PCR stands at 0.69, while maximum pain at 24,450 is acting as the central expiry pivot.
Call writers continue to dominate around 24,500-24,600, while put writers are attempting to defend the 24,400-24,450 zone.
As long as Nifty remains below 24,500, the upside may stay capped. On the downside, a break below 24,400 could weaken the structure further. Until either side is crossed decisively, the index may remain volatile around the 24,450 maximum pain level into the closing hours of the weekly expiry.
Updated as of 11:30 AM IST
The Nifty 50 came under pressure on Tuesday, August 11, 2026, after ending almost flat in the previous session. On Monday, the index closed marginally higher at 24,583.80, gaining 0.05%.
On Tuesday, sentiment weakened, and Nifty slipped below the 24,500 mark. At the time of writing, the index was trading at 24,466.40, down 117.40 points, or 0.48%.
The index is now trading below the 24,500 maximum pain level, making this figure the key pivot to watch during the weekly expiry session.
Derivatives Setup Favours Call Writers
The put-call ratio stands at 0.73, indicating relatively heavier positioning on the call side. The maximum pain level is placed at 24,500, which is emerging as the key pivot for the expiry session.
The highest call open interest is concentrated at 24,500 and 24,600, while fresh call additions are visible at 24,500 and 24,550. This development makes the 24,500-24,600 zone the immediate resistance area.
As long as Nifty remains below this zone, call writers are likely to maintain their advantage and limit a meaningful recovery.
