NiftyTrader FAQs

Question 1

What is the NSE option chain?

Accepted Answer

The NSE option chain is a tabular display of all available call (CE) and put (PE) option contracts for an index or stock at every strike price for a given expiry. It shows live data including last traded price, open interest, change in open interest, volume, bid-ask, and implied volatility. Traders use it to gauge market sentiment, identify support and resistance levels, and plan options strategies.

Question 2

How do I read the NSE option chain on NiftyTrader?

Accepted Answer

Strike prices run down the centre column. Calls (CE) appear on the left, puts (PE) on the right. Key columns include OI (open interest), Chng OI (change in OI), volume, IV (implied volatility), and LTP (last traded price). High call OI typically signals resistance; high put OI typically signals support. The closest strike to the current spot price is the at-the-money (ATM) strike.

Question 3

What does PCR mean in the option chain?

Accepted Answer

PCR or put-call ratio is calculated by dividing total put open interest by total call open interest. A PCR above 1 generally indicates bullish sentiment (more puts being written, suggesting confidence in upside), while a PCR below 1 indicates bearish or cautious sentiment. PCR is best read in conjunction with overall trend, not in isolation.

Question 4

What is max pain in the option chain?

Accepted Answer

Max pain is the strike price at which option buyers (both call and put) collectively lose the most money at expiry — and conversely, where option sellers profit the most. Many traders use max pain as an estimate of where price may gravitate near expiry, since option writers tend to be larger institutional players with hedging incentives.

Question 5

How often is the option chain on NiftyTrader updated?

Accepted Answer

NSE and BSE option chain data on NiftyTrader refreshes every minute during market hours (9:15 AM to 3:30 PM IST on trading days). After market close, end-of-day OI and price data are reconciled with official exchange feeds and stay available for historical analysis.

Question 6

Can I see historical option chain data on NiftyTrader?

Accepted Answer

Yes, historical option chain data — including OI build-up patterns, strike-wise PCR trends, and intraday OI changes — is available to NiftyTrader Prime subscribers. Free users see live and current-session data only.

MOTILAL OSWAL FINANCIAL SERVICES Option Chain (NSE) — Live OI, PCR & Greeks