Nifty set for a firm start as crude eases and Gift Nifty gains
Gift Nifty is up +0.24% at 23,116.5. Brent and WTI are lower, US stocks closed weaker, and Nifty options show a 1.60 PCR with max pain at 23,000.
Why the tape looks like this
Gift Nifty at 23,116.50 (+0.24%) — firm open signalled
S&P closed −1.82%, Nikkei −0.31% — that's the overnight handoff Indian futures are pricing.
Options pin the tape at 23,000
PCR 1.60 (put-writer edge), spot 23,053.10. Writers own 22,000–23,500.
Brent $110.63 (−2.47%) · USD/INR 94.94
Softer crude eases the import bill and OMC marketing margins.
Global Cues
Overnight contextIndia VIX 15.30
Options Board
2026-11-03 expiryPCR
1.60
put-writer edge
Max Pain
23,000
Spot
23,053.10
Put Wall
22,000
support
Call Wall
23,500
resistance
Open interest by strike
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Educational market commentary only. Not SEBI-registered investment advice.