Crude stays firm while Nifty starts below 24,400
Gift Nifty is weaker, oil is still high, and spot sits under the 24,400 strike where the option board is leaning to support.
Why the tape looks like this
Gift Nifty at 24,388.00 (−0.12%) — soft open signalled
S&P closed +0.26%, Nikkei +1.66% — that's the overnight handoff Indian futures are pricing.
Options pin the tape at 24,400
PCR 0.72 (call-writer edge), spot 24,315.40.
Brent $88.77 (−0.24%) · USD/INR 95.36
Softer crude eases the import bill and OMC marketing margins.
Global Cues
Overnight contextIndia VIX 11.63
Options Board
2026-08-18 expiryPCR
0.72
call-writer edge
Max Pain
24,400
Spot
24,315.40
Open interest by strike
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Educational market commentary only. Not SEBI-registered investment advice.