21/05/2026
*๐ SENSEX OPTION CHAIN ANALYSIS | 21-May-2026 Expiry | Spot: 75,318.39 +117.54*
*Based on your OI + OI Change chart โ hereโs what the โsmart moneyโ is positioning for* ๐
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*1. QUICK PCR READ | Market Bias*
**Metric** **Value** **Meaning**
**PCR (OI)** **1.28** >1 = Bullish. More Puts written = Support below
**PCR (Vol)** **0.76** 75,500* = Short covering to 75,800
- *Breakdown 75,621* vs *Option Resistance 75,500* โ Confluence
- *GANN Bearish < 75,030* vs *Option Support 75,000* โ Confluence
*Key:* If Sensex closes above 75,550 = Option + GANN both turn bullish.
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๐ *SENSEX OPTION CHAIN* | 75,318
*PCR 1.28 = Bullish OI* but *Vol 0.76 = Intraday Calls bought*
*MAX OI LEVELS:*
๐ก๏ธ Support: 75,000 > 74,800 > 74,700
๐จ Resist: 75,500 > 75,800
๐ฏ Max Pain: 75,100
*OI CHANGE TODAY:*
โ
Huge Put Writing 74,700-75,100 = Floor UP
โ Call Writing 74,900 = Ceiling DOWN
*EXPIRY RANGE:* 75,000 - 75,500
Break 75,550 = 75,800 | Break 74,950 = 74,700
*Bias:* Support shifted up = Bulls stronger
Not investment advice ๐
*Key Takeaway:* Options data says _75,000 is the line in sand_. PCR 1.28 + Max Put at 75,000 = Smart money is bullish above this. But 75,500 Call wall means upside capped unless big news.
*Disclaimer:* Option data changes every 3 mins. This is for 8:31 AM snapshot. Expiry day = gamma blast risk. Use strict SL. *Educational only* ๐