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INDIGO at a glance
| Stock | Spot | Day change | PCR | Put / call wall | Max pain | Verdict |
|---|---|---|---|---|---|---|
| INDIGO | 4697.10 | n/a | 0.94 | 4600 / 4700 | 4700 | Direction not established |
Comparison window: session. PCR is full-expiry Open Interest, puts ÷ calls. The walls are the largest put Open Interest at or below spot and the largest call Open Interest at or above it.
Why this stock has the detailed view: Decided from the latest snapshot alone (no ledger of at least 3 sessions yet); Open interest within 5 strikes of the money is Rs 551.60Cr, above the Rs 150.00Cr floor; Traded volume in that window is Rs 664.05Cr, above the Rs 100.00Cr floor; 11 of 11 near-the-money strikes carry real Open Interest and traded volume, at least 7 needed; The top strike holds 15.4% of total Open Interest, within the 40% ceiling; Both at-the-money legs have a premium, so the straddle is priced; 76 strikes are listed.
INDIGO — Direction not established
Not enough matched session positioning for a direction
- The dayINDIGO at 4697.1 · PCR 0.94 full expiry, 0.94 on screen
- The positionsPut wall 4600 (1.60L, +57.0K today) · Call wall 4700 (1.93L, +51.2K today) · 1.04 puts added per call today
- The tradingBusiest 4700 (3.88L traded) · no leg changed both premium and Open Interest over today, against the previous session
Where INDIGO sits against its walls
- Above the call wallSustained trade above 4700 (+2.9 from spot). Next call Open Interest above: 5000 (1.01L).
- Between the walls · spot is hereSpot between 4600 and 4700, now 97% of the way up. Max pain 4700 (+2.9 from spot).
- Below the put wallSustained trade below 4600 (−97.1 from spot). Next put Open Interest below: 4500 (1.09L).
Levels
| Level | Price | From spot | Open Interest |
|---|---|---|---|
| Next call wall | 5000 | +303 (+6.45%) | 1.01L |
| Move range high | 4997 | +299 (+6.38%) | — |
| Call wall | 4700 | +3 (+0.06%) | 1.93L |
| Max pain | 4700 | +3 (+0.06%) | — |
| Spot | 4697 | — | — |
| Put wall | 4600 | −97 (−2.07%) | 1.60L |
| Gamma flip | 4531 | −166 (−3.53%) | — |
| Next put wall | 4500 | −197 (−4.20%) | 1.09L |
| Move range low | 4398 | −299 (−6.38%) | — |
The move being priced
The ATM straddle prices a move of about ±299 to expiry, a range of 4398 to 4997, at an ATM implied volatility of 35.1%. This is a pricing convention, not a forecast.
How this verdict was reached
- Comparison windowSession, previous close to 3:22 pm
- Legs matched39 of 42 (93%) · 20 Call, 19 Put
- Positioning leanNot measured
- INDIGO vs previous closeNo previous close
- ResultDirection not established
What is uncertain
- 3 of 42 displayed legs have no matched session reading.
- The previous close for the immediately preceding session is not available, so the day change is left unknown rather than measured against an older date.
Expiry 2026-11-23 · 21 displayed strikes, 4200 to 5200 · Full expiry, 76 strikes, 2400 to 7200
INDIGO on the live tools
This article is the read. These pages are the terminal, each opening on INDIGO.