What Does Nifty Option Chain Signal For 11 August 2026?
Nifty ended the session almost flat on 10 August 2026, but derivatives data reveals a slightly positive undertone. Strong put writing near 24,500 along with call unwinding suggests traders are becoming more comfortable with downside support levels while reducing bearish bets.
Market Recap
After a flat opening, Nifty witnessed profit booking near 24,620 and slipped towards 24,515 before finding support. The index then consolidated in a narrow range and finally closed with a marginal gain of 0.05%.
Top Performing Sectors: Realty, Private Banks
Weak Performing Sectors: PSU Banks, Oil & Gas
Top Performing Sectors: Realty, Private Banks
Weak Performing Sectors: PSU Banks, Oil & Gas
Institutional Activity
FIIs: Net Buyers ₹1,974.76 Crore
DIIs: Net Sellers ₹1,290.29 Crore
The strong FII buying provided support to the market despite intraday weakness and profit booking pressure.
DIIs: Net Sellers ₹1,290.29 Crore
The strong FII buying provided support to the market despite intraday weakness and profit booking pressure.
Option Chain Analysis
Highest Call Open Interest: 24,600 Call
Highest Put Open Interest: 24,500 Put
Put-Call Ratio (PCR): 0.85
Max Pain: 24,600
VWAP Range: 24,515 – 24,690
Highest Put Open Interest: 24,500 Put
Put-Call Ratio (PCR): 0.85
Max Pain: 24,600
VWAP Range: 24,515 – 24,690
What Does The Data Indicate?
The derivatives setup shows:
- Fresh Put Writing near 24,500.
- Call Unwinding near resistance zones.
- PCR improving to 0.85.
- Max Pain positioned at 24,600.
Key Levels For 11 August 2026
Support Zone: 24,500 – 24,515
Immediate Resistance: 24,600 – 24,690
Max Pain Level: 24,600
A sustained move above the resistance zone could strengthen bullish momentum, while a break below support may trigger renewed selling pressure.
Immediate Resistance: 24,600 – 24,690
Max Pain Level: 24,600
A sustained move above the resistance zone could strengthen bullish momentum, while a break below support may trigger renewed selling pressure.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that the latest option chain data suggests traders are gradually shifting towards a constructive outlook. Strong put writing near 24,500 and continued FII buying provide support, but a breakout above the upper VWAP range remains important for stronger bullish confirmation.
For now, the options market suggests a mildly bullish bias with 24,500 acting as an important support level and 24,600 continuing to remain the key battleground for both bulls and bears.
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SEBI Disclaimer: Investments in securities markets are subject to market risks. This article is for educational and informational purposes only and should not be considered investment advice. Past performance does not guarantee future results.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
