As of Updated 1:30 PM IST
In the earlier Sensex weekly expiry update, we had highlighted 77,000 as the crucial support level. The index has respected this level so far, recovering more than 300 points from the day’s low. At around 1:15 PM, the Sensex was trading above 77,300, close to the day’s high, with gains of 158 points, or 0.20%.
The recovery from 77,000 indicates that Put writers have defended the support zone. The index has also moved above the earlier expected expiry range of 77,000–77,300, making the next set of option positions important for the remaining session.
PCR Improves and Max Pain Moves Higher
The Put Call Ratio for all expiries has improved to 1.07 from 0.79 in the earlier reading. This shift indicates that Put-side positioning has strengthened relative to Call-side positioning, supporting the intraday recovery.
Max Pain has also moved higher from 77,100 to 77,300. The shift suggests that option writers may now be more comfortable with the Sensex settling closer to the 77,300 level, compared with the earlier expectation around 77,100.
Put Writers Build Support at 77,000–77,200
On the Put side, substantial fresh open interest addition has emerged at the 77,200 strike. However, the highest addition in Put open interest continues to remain at the 77,000 strike.
The total Put open interest concentration is also highest at 77,000, followed by 77,200. This keeps 77,000 as the broader support base, while 77,200 has emerged as an immediate support level after the afternoon recovery.
Call Writing Concentrated at 77,500
On the Call side, the 77,500 strike has seen the highest fresh addition in open interest. The highest total Call open interest concentration also remains at 77,500, indicating that Call writers are actively defending this zone.
Sensex Weekly Outlook for June 18
The options structure has therefore shifted higher during the day. While 77,000 remains the major support, the immediate support zone has improved towards 77,200. On the upside, 77,500 is now the key hurdle. A sustained move above 77,300 may keep the positive momentum intact, but the index will need to cross 77,500 to trigger further upside through Call-side unwinding.
As of Updated 11:30 AM IST
Sensex Weekly Expiry: 77,000 Holds the Key
The BSE Sensex opened on a flat note on the weekly expiry session of June 18, 2026. Buying interest gradually emerged after the opening, helping the index move higher and touch an intraday high of 77,320.32. With this move, the index filled the opening downside gap area created on May 11, 2026.
However, the momentum cooled at higher levels. The index pared its gains and, around 11:00 AM, was trading near the 77,100 mark with a modest loss of nearly 60 points. This indicates that while buyers were active in the early part of the session, the index faced supply pressure near the 77,300 zone.
Options Data Indicates Support Near 77,000
At the time of writing, the Put-Call Ratio for all expiries stood at 0.79, while the Max Pain level was placed at 77,100. This suggests that the index is currently trading close to the level where option writers may prefer expiry settlement.
On the Put side, the highest open interest addition was seen at the 77,000 strike, followed by the 77,100 strike. The highest Put open interest concentration is also placed at 77,000. This makes 77,000 an important support level for the Sensex weekly expiry day.
