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Nifty Weekly Expiry: Nifty Expiry Range Shifts to 23,100–23,200
By Dalal Street Investment Journal (DSIJ)
Summary:
Nifty recovered from earlier lows and moved near 23,200, shifting the expiry setup higher from the earlier 23,000–23,200 range to 23,100–23,200. Max pain moved from 23,150 to 23,200, while Put writing shifted higher. However, heavy Call writing at 23,200–23,300 keeps upside capped unless sustained trade above 23,200 triggers unwinding towards 23,300. 23,100 is immediate support; 23,200 remains key resistance today.
Updated as of 1:30 PM IST
Nifty Recovers to Trade at 23,200 on Weekly Expiry
As of 1:10 pm on June 9, 2026, the Nifty 50 index was trading around the 23,200 level, up by 0.30%. This marks a recovery from the earlier part of the session, when the index had trimmed more than 100 points from the day’s high and was trading close to the 23,150 level.
Nifty Weekly Expiry Outlook Shifts
Compared with the earlier options setup, the tone has improved slightly. Earlier, Nifty was hovering near 23,150, with max pain placed at 23,150 and Call writers actively defending the 23,200 strike. At that point, the 23,000–23,200 range was seen as the key expiry band.
However, with the index recovering towards 23,200, the options data has also shifted. The max pain has now moved higher to 23,200, indicating that the market’s immediate equilibrium point has shifted upward from the earlier 23,150 level.
Call Writers Still Active at Higher Levels
On the Call side, significant open interest addition is now visible between the 23,200 and 23,300 strike prices. The highest Call open interest addition stands at the 23,200 strike, which continues to act as the key resistance zone for the index.
This suggests that Call writers are still trying to defend the 23,200 level. However, the index is now trading closer to this resistance, making this level more important for the rest of the expiry session. If Nifty sustains above 23,200, Call writers may start unwinding their positions, which could support a further move towards 23,300.
Source: Opstra
Put Writers Move Higher as Nifty Recovers
On the Put side, the earlier support base was visible around the 23,000 and 23,100 strikes. In the latest data, fresh Put writing has moved higher, with strong open interest addition seen at the 23,150 strike, followed by 23,200 and 23,100.
This indicates that Put writers are gradually shifting their base upward as Nifty recovers from lower levels. The highest Put open interest concentration now stands around the 23,100 strike, suggesting that the immediate support zone has moved higher from 23,000 to the 23,100–23,150 area.
PCR Indicates Sellers Still Have Control
The Put-Call Ratio stands at 0.78, which indicates that Call writing remains heavier than Put writing. This means the upside may still face resistance unless Nifty manages to hold above 23,200. A sustained move above this level could force short-covering by Call writers, while failure to hold above 23,200 may keep the index capped in a narrow range.
Revised Expiry Range for Nifty
Based on the latest options data, the expected range for Nifty weekly expiry has narrowed from the earlier 23,000–23,200 zone to 23,100–23,200. The shift in max pain from 23,150 to 23,200 and the movement of Put writing to higher strikes show that the market tone has improved from the earlier part of the session.
For the rest of the expiry session, 23,200 remains the make-or-break level. A sustained move above it may trigger Call unwinding and extend the upside towards 23,300. On the downside, 23,100 is likely to act as the immediate support zone.
Updated as of 11:30 AM IST
Nifty Trims Gains on Weekly Expiry Day
The Nifty 50 index trimmed more than 100 points from the day’s high on weekly expiry day and was seen trading close to the day’s low as of 11:17 am. The index hovered near the 23,150 mark, holding marginal gains of 0.13% or 28 points.
Index Trades Within the Previous Session’s Range
On Tuesday’s weekly expiry session, Nifty continued to trade within the range of the previous trading day, indicating a lack of strong directional momentum. However, the options data for the June 9 expiry suggests that sellers remain active at higher levels.
Call Writers Defend Higher Levels
On the Call side, strong writing was seen between the 23,150 and 23,300 strike prices, with the highest open interest addition around the 23,200 strike. The 23,200 level also had the highest concentration of Call open interest, while the max pain stood at 23,150.
This indicates that option sellers are trying to defend the zone above 23,200. However, if Nifty manages to sustain above 23,200, it could trigger Call unwinding and open the way for a move towards the 23,300 level.
Put Writers Build Support Near 23,000–23,100
On the Put side, notable open interest addition was seen at the 23,100 PE strike, followed by the 23,000 PE strike. The highest Put open interest concentration was placed at 23,000, followed by 23,100, suggesting that market participants may look at these levels as immediate support zones.
Nifty’s Weekly Expiry Range 23,000-23,200
Considering the options setup, the 23,000–23,200 zone remains crucial for Nifty on weekly expiry day. A sustained move above 23,200 may shift momentum in favour of bulls, while failure to cross this level could keep the index range-bound with a mild negative bias.
Source: Dalal Street Investment Journal, Opstra
Published Date :
09 Jun 2026
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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited
This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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