Updated As of 1:30 PM IST
As of 12:50 PM, the Sensex was trading at 78,822.22, up 241.22 points or 0.31% on August 6, 2026. Earlier in the session, the index touched an intraday high of 78,904.37 and a low of 78,633.73.
The index continues to trade around the 78,800 mark, which also coincides with the maximum pain level. The 78,800 zone is likely to remain the key level for the remainder of the weekly expiry session.
Sensex PCR Improves to 1.10
The Put Call Ratio (PCR) across all expiries has improved from 1.05 in the morning update to 1.10, while the maximum pain level remains unchanged at 78,800.
A PCR above 1 indicates that Put open interest continues to exceed Call open interest. The improvement in PCR suggests that the derivatives setup has become marginally more supportive as Put writers continued to build positions during the afternoon session.
Put Writing Reinforces Support at 78,800
On the Put side, significant open interest continues to remain concentrated at the 77,000 PE and 78,000 PE strikes, providing a broader support base for the index. Meanwhile, fresh Put writing at the 78,800 strike indicates that support has shifted closer to the current market level. As long as the Sensex holds above 78,800 during the expiry session, the bias is likely to remain cautiously positive. A decisive break below 78,800 could weaken sentiment.
Call Writers Continue to Defend 80,000–80,500
On the Call side, 79,000 remains the immediate resistance, while significant Call open interest continues to be concentrated at the 80,000 CE and 80,500 CE strikes. Fresh Call writing at these levels indicates that the broader resistance zone remains unchanged.
A sustained move above 79,000 could improve momentum towards 80,000. However, the significant Call open interest at 80,000–80,500 is likely to continue capping the upside during the weekly expiry session.
Sensex Weekly Expiry Outlook: 78,800 Remains the Key Pivot
Compared with the morning update, the derivatives setup remains cautiously positive. The PCR has improved to 1.10, while maximum pain continues to remain at 78,800. Fresh Put writing at 78,800 has strengthened immediate support, while Call writers continue to maintain a strong presence at 80,000–80,500.
As long as the Sensex sustains above 78,800, the bias is likely to remain cautiously positive, with the index attempting to move towards 79,000. A decisive break below 78,800 could weaken the immediate structure and bring lower support levels into focus.
