What to watch:If the spread persists 2-3 sessions, a pair-trade (long Realty, hedged against Pharma) becomes attractive. Single-sector bets are riskier on rotation days because index-level direction is muted.

Expiry in 3 days — different rules apply

With FIIs heavy short on futures going into expiry, expect option writers to defend high-OI strikes. Max-pain becomes a magnet, theta accelerates, and intraday moves get whippier than they look.

What to watch:Avoid carrying directional option longs through expiry without strong conviction — they bleed fast. Cash trades on the underlying indices are cleaner this week than option spreads.

Why is it pricing this way?

Overnight Setup global & macro backdrop

Overnight Global Cues

Mixed cues

S&P +0.12% · Nikkei +0.13%

Macro Backdrop

Crude / USDINR

Crude $76.0 (-0.1%) · USDINR 94.51 (-0.24%)

Where is money moving today?

Sector Money Flow based on sector-index momentum

↑Money flowing IN

Realty

+5.85%

Energy

+2.53%

Infra

+2.52%

PSU Banks

+2.16%

Auto

+1.64%

FMCG

+1.49%

Metal

+1.22%

Media

+1.21%

+0.85%

Banks

+0.50%

↓Money flowing OUT

Pharma

-0.05%

Gold

4,383.4

+1.21%

Silver

70.8

+1.25%

Copper

6.5

+0.08%

Crude

76.0

-0.12%

USDINR

94.51

-0.24%

10Y UST

4.43%

-1.23%

What are derivative traders doing?

NIFTY Option Chain nearest expiry 2026-06-23 · spot 24,086 · EOD 2026-06-17

Writers expect Nifty between 24,000 and 25,000 this week — +3.8% upside, -0.4% downside.

upside-skewed

Call OI (writers)	Strike	Put OI (writers)
864,695	23500	5,446,870
79,430	23550	988,910
966,745	23600	3,256,955
96,720	23650	1,489,280 IV 14% Δ -0.13 θ -6.9 ν 7
688,675	23700	3,569,215 IV 14% Δ -0.16 θ -7.7 ν 7
144,235 IV 7% Δ 0.95 θ -6.0 ν 3	23750	1,496,430 IV 13% Δ -0.19 θ -8.5 ν 8
1,087,125 IV 8% Δ 0.90 θ -7.4 ν 5	23800	3,949,530 IV 13% Δ -0.22 θ -9.2 ν 9
288,860 IV 9% Δ 0.83 θ -9.2 ν 8	23850	1,738,945 IV 13% Δ -0.26 θ -9.8 ν 10
2,272,920 IV 9% Δ 0.77 θ -10.6 ν 9	23900	5,327,205 IV 13% Δ -0.30 θ -10.5 ν 11
849,095 IV 10% Δ 0.71 θ -11.5 ν 11	23950	2,311,660 IV 13% Δ -0.34 θ -11.0 ν 11
6,701,045 IV 10% Δ 0.64 θ -12.2 ν 12	24000 S MP	8,291,010 IV 13% Δ -0.39 θ -11.4 ν 12
3,066,635 IV 10% Δ 0.58 θ -12.7 ν 12	24050	2,945,085 IV 13% Δ -0.44 θ -11.6 ν 12
5,724,290 IV 10% Δ 0.52 θ -12.9 ν 12	24100	3,241,355 IV 14% Δ -0.49 θ -11.8 ν 12
1,735,825 IV 11% Δ 0.46 θ -12.7 ν 12	24150	579,020 IV 14% Δ -0.53 θ -11.6 ν 12
4,079,075 IV 11% Δ 0.40 θ -12.3 ν 12	24200	950,950 IV 14% Δ -0.58 θ -11.4 ν 12
2,103,920 IV 11% Δ 0.34 θ -11.6 ν 11	24250	221,715 IV 14% Δ -0.62 θ -11.1 ν 12
3,535,285 IV 11% Δ 0.29 θ -10.9 ν 11	24300	472,680 IV 14% Δ -0.66 θ -10.6 ν 11
1,123,785 IV 11% Δ 0.24 θ -9.9 ν 10	24350	62,140 IV 15% Δ -0.70 θ -10.3 ν 11
2,830,230 IV 11% Δ 0.21 θ -9.0 ν 9	24400	221,975 IV 15% Δ -0.73 θ -9.7 ν 10
960,570 IV 11% Δ 0.17 θ -8.1 ν 8	24450	27,690 IV 16% Δ -0.76 θ -9.2 ν 10
6,537,180 IV 12% Δ 0.14 θ -7.3 ν 7	24500	347,685 IV 16% Δ -0.78 θ -8.8 ν 9
983,645	24550	20,280 IV 17% Δ -0.80 θ -8.7 ν 9
2,703,610	24600	41,275 IV 17% Δ -0.82 θ -7.9 ν 8
1,243,775	24650	4,940 IV 18% Δ -0.83 θ -8.0 ν 8
4,116,970	24700	29,640 IV 18% Δ -0.84 θ -7.6 ν 7

What this tells you

Spot 24,086

Resistance (R) 25,000

Support (S) 24,000

Max Pain (MP) 24,000

Highest call-OI strike = where writers expect resistance. Highest put-OI strike = where writers expect support. Max-pain magnet pulls strongest in expiry week.

Strategy Builder multi-leg payoff for NIFTY options · 2026-06-23 expiry

Underlying: NIFTY · Spot: ₹ 24,085.70 · Expiry: 2026-06-23 · Lot: 75

Legs

Side

Type

Strike

Qty

Premium

Net premium—

Max profit—

Max loss—

Breakevens—

Position Delta—

Position Theta/day—

Position Vega/1% IV—

Payoff at expiry

F&O OI Buildup stock futures · total OI across all expiries · 2026-06-17

Long Buildup price up + OI up — fresh longs added

NUVAMA

+4.48%

OI +25.0%

BLUESTARCO

+4.70%

OI +13.2%

NAM-INDIA

+0.82%

OI +11.1%

GVT&D

+5.77%

OI +7.3%

COCHINSHIP

+4.42%

OI +7.0%

BEL

+3.09%

OI +6.9%

HINDALCO

+2.57%

OI +6.3%

PGEL

+3.44%

OI +5.7%

Short Covering price up + OI down — shorts closing

DMART

+2.24%

OI -8.5%

CDSL

+2.36%

OI -4.8%

KFINTECH

+4.30%

OI -4.8%

BPCL

+1.73%

OI -4.2%

HDFCAMC

+1.98%

OI -4.2%

DIXON

+4.74%

OI -4.1%

POWERINDIA

+3.40%

OI -3.8%

EXIDEIND

+0.08%

OI -3.8%

Short Buildup price down + OI up — fresh shorts added

COLPAL

-3.30%

OI +14.7%

BSE

-4.28%

OI +13.2%

TMPV

-8.67%

OI +6.2%

FORTIS

-1.87%

OI +5.3%

COFORGE

-0.44%

OI +5.1%

TATAELXSI

-0.41%

OI +4.5%

SRF

-1.72%

OI +3.7%

ADANIPOWER

-0.98%

OI +3.4%

Long Unwinding price down + OI down — longs closing

PREMIERENE

-0.12%

OI -4.2%

M&M

-0.24%

OI -4.0%

BAJFINANCE

-0.06%

OI -2.3%

SAMMAANCAP

-2.09%

OI -2.2%

NHPC

-0.28%

OI -2.2%

ABCAPITAL

-0.41%

OI -2.0%

OIL

-0.37%

OI -1.5%

PRESTIGE

-0.17%

OI -1.4%

Unusual OI Buildup stocks with ±20%+ OI swings today · positioning outliers

Symbol	Classification	Price Δ	OI Δ
NUVAMA	Long Buildup	+4.48%	+25.0%

Futures Basis Screener premium/discount of nearest-expiry futures to spot

↑ Premium · futures trading above spot

Symbol	Spot	Future	Basis %
NYKAA	280.95	282.45	+0.53%
RBLBANK	369.15	371.05	+0.52%
GVT&D	5,152.50	5,178.50	+0.51%
SAMMAANCAP	176.11	177.00	+0.51%
GLENMARK	2,136.60	2,147.30	+0.50%
SHREECEM	24,970.00	25,095.00	+0.50%
CUMMINSIND	5,831.50	5,860.50	+0.50%
VMM	118.77	119.36	+0.50%

↓ Discount · futures trading below spot

Symbol	Spot	Future	Basis %
KAYNES	3,248.30	3,176.40	-2.21%
HDFCBANK	787.10	775.60	-1.46%
BAJAJ-AUTO	10,042.00	9,941.00	-1.01%
MOTHERSON	145.10	143.75	-0.93%
NAM-INDIA	1,153.70	1,144.30	-0.81%
BAJAJHLDNG	10,500.00	10,420.00	-0.76%
TMPV	360.95	358.35	-0.72%
HINDUNILVR	2,197.60	2,183.90	-0.62%

Top Traded F&O Contracts where derivative volume is concentrated today

Contract	Type	Close	Traded Value	OI	OI Δ
NIFTY2662324000PE	IDO	114.55	4.12 L Cr	8,136,570	+2,750,280
NIFTY2662324000CE	IDO	191.55	3.98 L Cr	6,430,190	-58,630
NIFTY2662324100CE	IDO	138.85	3.71 L Cr	5,600,270	+3,503,370
NIFTY2662324050CE	IDO	164.30	3.03 L Cr	2,980,640	+2,258,230
NIFTY2662324050PE	IDO	136.35	2.39 L Cr	2,878,590	+2,551,055
NIFTY2662324100PE	IDO	161.30	2.20 L Cr	3,282,825	+2,744,560
NIFTY2662324200CE	IDO	96.35	2.12 L Cr	3,978,000	+1,374,360
NIFTY2662323900PE	IDO	78.30	1.85 L Cr	5,268,445	+1,979,835
NIFTY2662324500CE	IDO	27.35	1.69 L Cr	6,509,750	+2,054,715
NIFTY2662324300CE	IDO	64.40	1.34 L Cr	3,507,465	+1,148,615
NIFTY2662324150CE	IDO	116.20	1.32 L Cr	1,691,430	+988,195
NIFTY2662323800PE	IDO	52.55	1.29 L Cr	3,893,695	+1,592,695

Who's actually moving the money?

Smart Counterparty Activity 17-Jun-2026

4 FII buys · 9 MF buys · 1 Insurance buys / 1 sells · 1 Promoter sells · 155 deals totaling ₹6,894 Cr. Showing top 20 by value.

Stock	Type	Side	Qty	Value (₹ Cr)	Counterparty
CORONA CORONA Remedies Limited	Bulk+Block	SELL	4,328,943	748.91	SEPIA INVESTMENTS LIMITED
DOMS DOMS Industries Limited	Bulk	SELL	2,340,184	514.97	FILA - FABBRICA ITALIANA LAPIS ED AFFINI SPA
CORONA CORONA Remedies Limited	Block	BUY	2,450,000	423.85	HDFC MUTUAL FUND MF
DOMS DOMS Industries Limited	Bulk	SELL	1,908,000	419.77	FILA - FABBRICA ITALIANA LAPIS ED AFFINI SPA
CORONA CORONA Remedies Limited	Bulk	BUY	2,333,333	403.67	HDFC MUTUAL FUND MF
MTARTECH MTAR Technologies Limited	Bulk	SELL	231,288	188.54	HRTI PRIVATE LIMITED
MTARTECH MTAR Technologies Limited	Bulk	BUY	231,111	188.39	HRTI PRIVATE LIMITED
MTARTECH MTAR Technologies Limited	Bulk	SELL	163,800	133.76	MICROCURVES TRADING PRIVATE LIMITED
MTARTECH MTAR Technologies Limited	Bulk	BUY	163,800	133.69	MICROCURVES TRADING PRIVATE LIMITED
IFCI IFCI Ltd.	Bulk	SELL	14,089,769	129.29	HRTI PRIVATE LIMITED
DOMS DOMS Industries Limited	Bulk	BUY	583,000	128.26	SBI MUTUAL FUND MF
MTARTECH MTAR Technologies Limited	Bulk	SELL	157,469	127.98	JUNOMONETA FINSOL PRIVATE LIMITED
MTARTECH MTAR Technologies Limited	Bulk	SELL	156,425	126.84	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED
MTARTECH MTAR Technologies Limited	Bulk	BUY	156,425	126.46	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED
MTARTECH MTAR Technologies Limited	Bulk	BUY	155,470	126.25	JUNOMONETA FINSOL PRIVATE LIMITED
IFCI IFCI Ltd.	Bulk	BUY	13,584,488	124.61	HRTI PRIVATE LIMITED
PARAS Paras Def and Spce Tech L	Bulk	BUY	728,897	89.13	JUNOMONETA FINSOL PRIVATE LIMITED
PARAS Paras Def and Spce Tech L	Bulk	SELL	727,752	89.01	JUNOMONETA FINSOL PRIVATE LIMITED
CORONA CORONA Remedies Limited	Block	BUY	490,000	84.77	ADITYA BIRLA SUN LIFE MUTUAL FUND MF
CARTRADE Cartrade Tech Limited	Bulk	SELL	309,674	82.15	HRTI PRIVATE LIMITED

Insider & Promoter Activity last 60 days · top 15 by value

10 promoter buys, 22 promoter sells out of 50 insider disclosures over the window.

Stock	Person	Role	Side	Value (₹ Cr)	Date
BAJAJFINSV Bajaj Finserv Limited	Bajaj Auto Holdings Limited	Promoter Group Promoter	SELL	370.08	30-Apr-2026 22:26
BAJAJFINSV Bajaj Finserv Limited	Bajaj Holdings & Investment Limited	Promoters Promoter	BUY	370.02	30-Apr-2026 22:26
NEOGEN Neogen Chemicals Limited	CADAMBA SOLUTIONS PRIVATE LIMITED	Promoter Group Promoter	BUY	161.00	20-Apr-2026 19:20
DEEPAKFERT Deepak Fertilizers And Petrochemicals Corporation Limited	SCM Commercial Private Limited	Promoter Group Promoter	BUY	129.17	27-Apr-2026 16:39
DEEPAKFERT Deepak Fertilizers And Petrochemicals Corporation Limited	Robust Marketing Services Private Limited	Promoters Promoter	SELL	129.17	27-Apr-2026 16:39
GAYAPROJ Gayatri Projects Limited	T V Sandeep Kumar Reddy	Promoters Promoter	BUY	100.00	23-Apr-2026 19:32
AQYLON Aqylon Nexus Limited	KURJIBHAI PREMJIBHAI RUPARELIYA	Promoters Promoter	SELL	57.14	27-Apr-2026 12:45
HCLTECH HCL Technologies Limited	Vama Sundari Investments (Delhi) Private Limited	Promoters Promoter	BUY	22.03	30-Apr-2026 19:23
HCLTECH HCL Technologies Limited	Vama Sundari Investments (Delhi) Private Limited	Promoters Promoter	BUY	12.27	30-Apr-2026 19:23
LALPATHLAB Dr. Lal Path Labs Ltd.	Dr. Lal PathLabs Employees Welfare Trust	Other	BUY	9.44	01-May-2026 16:15
HCLTECH HCL Technologies Limited	HCL Technologies Stock Options Trust	-	SELL	8.90	30-Apr-2026 18:31
HCLTECH HCL Technologies Limited	Jill Ann Kouri	-	BUY	7.91	30-Apr-2026 18:31
VIAZ Viaz Tyres Limited	Patel Janakkumar Mahendrabhai	Promoters Promoter	BUY	6.09	21-Apr-2026 17:57
WIPRO Wipro Limited	Amit Kumar	Employees/Designated Employees	BUY	6.01	22-Apr-2026 17:58
WIPRO Wipro Limited	Amit Kumar	Employees/Designated Employees	SELL	5.99	24-Apr-2026 17:13

What are institutions positioned for?

Institutional Positioning how FIIs are set up under the surface

FII Futures Posture

Heavy Short

net-long ratio -69.3%

FII Direction Streak

1 sessions

net accumulating futures

India VIX

13.19

Calm · -1.3% d/d

Days to Monthly Expiry

Thu, 27 Feb

Nifty PCR (EOD)

1.07

Balanced

Nifty Max Pain (EOD)

24,000

-0.36% below spot (24,086)

Events Calendar next 3 weeks · earnings + macro releases + monthly expiry

2026-06-17

FED US Fed FOMC Decision Fed funds rate + dot-plot + Powell presser

2026-06-25

EXPIRY NIFTY / BankNifty Monthly F&O Expiry Theta accelerates; max-pain magnet near close

Have we been right before?

Signal Calendar last 14 weeks

Bullish Bearish Warning Quiet

FII Positioning Detail

FII Index Futures net-long ratio -69.3% +0.76 pp

FII calls long Δ +244,670

FII puts long Δ +209,888

FII calls short Δ +267,417

FII puts short Δ +206,966

Recent Signals click a date to revisit that day's dashboard

2025-02-12

DII Futures Build-up *

2025-02-06

Retail-vs-FII Divergence Widening *

2025-02-04

DII Futures Unwind *

2025-01-30

FII Short Covering Monthly Expiry Imminent * Retail-vs-FII Divergence Widening * DII Futures Unwind *

2025-01-29

Monthly Expiry Imminent * DII Futures Build-up *

2025-01-28

Monthly Expiry Imminent *

Smart-Money Flow Tracker for Indian Markets live FII / DII positioning, F&O OI buildup, bulk deals & option chain · 2025-02-24 · vs 2025-02-21

Stock Heatmap NIFTY 500 universe · sized by traded value · click any cell for details

Futures Heatmap F&O stocks · sized by futures traded value · coloured by OI buildup class

Stocks in Play positioning from 2025-02-24 · what to watch at next open

Market Pulse where things stand right now

Top Nifty Contributors stocks moving the index most today (weighted)

Smart Money Take interpretation, not just data

Overnight Setup global & macro backdrop

Sector Money Flow based on sector-index momentum

NIFTY Option Chain nearest expiry 2026-06-23 · spot 24,086 · EOD 2026-06-17

What this tells you

Strategy Builder multi-leg payoff for NIFTY options · 2026-06-23 expiry

Legs

Payoff at expiry

F&O OI Buildup stock futures · total OI across all expiries · 2026-06-17

Unusual OI Buildup stocks with ±20%+ OI swings today · positioning outliers

Futures Basis Screener premium/discount of nearest-expiry futures to spot

↑ Premium · futures trading above spot

↓ Discount · futures trading below spot

Top Traded F&O Contracts where derivative volume is concentrated today

Smart Counterparty Activity 17-Jun-2026

Insider & Promoter Activity last 60 days · top 15 by value

Institutional Positioning how FIIs are set up under the surface

Events Calendar next 3 weeks · earnings + macro releases + monthly expiry

Signal Calendar last 14 weeks

FII Positioning Detail

Recent Signals click a date to revisit that day's dashboard

Live data hubs

Guides & explainers

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