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Midcap Nifty Option Chain — Live NSE Data, OI & PCR

Symbol
Expiry Date
Spot Price

The Midcap Nifty Option Chain is where the smart money keeps a close watch. Here, you’ll find the pulse of the mid-sized companies that shape the next big wave in the market. With real-time updates and precise data, this page is your destination to understanding the Midcap Option Chain, which is an essential tool for traders and investors alike. 

What is Midcap Nifty?

Midcap Nifty, also known as the Nifty Midcap 150 index, represents 150 mid-sized companies listed on the National Stock Exchange (NSE) of India. These companies fall between the large-cap and small-cap segments, making them an important part of the stock market ecosystem. 

The Midcap Nifty index tracks their performance and offers a broad picture of the midcap segment’s growth and stability. It’s seen as a barometer of India’s economic expansion, with companies that can grow faster than large caps but with slightly more risk. Midcap Nifty data helps investors diversify and identify promising mid-sized companies.

About Midcap Nifty Option Chain

The Midcap Nifty Option Chain is a detailed table or chart that displays all the available option contracts (calls and puts) for the Midcap Nifty index at different strike prices and expiration dates. It shows key data like the last traded price, open interest, volume, bid-ask spread, and implied volatility for each option. 

This data-rich chart helps traders and investors understand the current market sentiment, identify support and resistance levels, and make informed trading decisions by analyzing the demand and supply in the options market.

Key Metrics in Midcap Option Chain

  • Strike Price: The set price at which the option contract can be exercised.

  • Last Traded Price (LTP): The most recent price at which the option contract was bought or sold.

  • Change in Price: The difference in the option’s price from the previous day’s close, indicating daily sentiment.

  • Bid Price & Ask Price: The highest price a buyer is willing to pay (bid) and the lowest price a seller will accept (ask).

  • Midcap Nifty Open Interest (OI): The total number of open or outstanding contracts at a given strike price.

  • Change in Open Interest: Shows how much the open interest has changed, indicating fresh positions or unwinding.

  • Implied Volatility (IV): The market’s expectation of future volatility for the underlying index, affecting option pricing.

  • Volume: The total number of contracts traded during the current session.

  • Put-Call Ratio (PCR): Ratio of the total put open interest to the call open interest, indicating market sentiment.

  • Expiry Date: The date when the option contract expires.

  • Underlying Spot Price: The current market price of the Midcap Nifty index, the basis for option contracts.

Live Midcap Nifty Option Chain Data on NiftyTrader

We believe that reliable, live market data is the backbone of every successful trading decision. That’s why we’re committed to offering real-time, accurate insights that empower traders across India. Our Live Midcap Nifty Option Chain Data gives you a complete view of the market’s pulse, including strike prices, open interest, and the latest trading action, so you can make smarter moves. 

We’ve become India’s most trusted platform because we don’t just stop at Midcap Nifty option chain. Explore other live option chain data we offer:

How to Use Nifty Midcap Option Chain Data for Trading?

Step 1: Start with the Strike Prices

Begin by scanning the range of strike prices for both calls and puts. This helps you understand the available levels for potential support and resistance zones.

Step 2: Analyze Open Interest (OI) and Change in OI

Next, check the open interest data. A high open interest at a strike price indicates significant activity, while the change in OI shows whether positions are being created or unwound.

Step 3: Evaluate Volume and Price Movement

Look at the volume of trades alongside price changes. A surge in volume with a price move often indicates strong sentiment—bullish or bearish.

Step 4: Consider Implied Volatility (IV)

Review the IV data to gauge market expectations of volatility. A higher IV suggests larger price swings ahead, which can impact your strategy choice.

Step 5: Use the Put-Call Ratio (PCR)

Finally, check the Midcap Nifty PCR to assess the overall market sentiment. A high PCR points to bearish sentiment, while a low PCR suggests bullishness.

Popular Midcap Nifty Option Chain Strategies

Straddle

A straddle involves buying both a call and a put option at the same strike price and expiry date. It’s used when traders expect a significant price movement but aren’t sure about the direction.

Strangle

Similar to a straddle, a strangle involves buying a call and a put option at different strike prices, both out-of-the-money. This strategy reduces the cost compared to a straddle but requires a bigger market move to profit.

Bull Call Spread

This strategy involves buying a lower strike call option and selling a higher strike call option. It’s used when traders are moderately bullish on the Midcap Nifty index.

Bear Put Spread

In a bear put spread, traders buy a higher strike put and sell a lower strike put. It’s best for scenarios where a modest downward move is expected.

Iron Condor

The iron condor involves selling an out-of-the-money call and put option, while also buying further out-of-the-money options to hedge. This strategy works well in range-bound markets, aiming to capture premium decay.

Know more about top option strategies.

Nifty Midcap Option Chain vs Nifty 50 Option Chain

The Midcap Nifty Option Chain covers mid-sized companies and offers higher volatility, while the Nifty 50 Option Chain focuses on the largest companies in India and generally has higher liquidity. 

Both provide trading opportunities, but their behavior and risk profiles differ, making them suitable for different trading strategies.


Midcap Nifty Option ChainNifty 50 Option Chain
Index FocusMid-sized companies (Nifty Midcap 150)Top 50 large-cap companies
VolatilityHigher due to midcap exposureLower, generally more stable
LiquidityComparatively lowerVery high, more active
Risk ProfileHigher risk and higher returnsLower risk, more steady
Trading BehaviorLarger price swingsMore range-bound, less volatility
Trader TypeSuited for experienced tradersSuitable for beginners and experts

Benefits of Nifty Midcap Select Option Chain

  • Helps identify real-time market sentiment and trading opportunities

  • Provides up-to-date data on strike prices, OI, IV, and volume

  • Allows better timing of entries and exits for trades

  • Reduces risk by showing live support and resistance levels

  • Enhances decision-making for short-term and long-term strategies

  • Facilitates data-driven trading instead of relying on guesswork

  • Offers insights into price movement expectations via implied volatility

  • Improves trade accuracy with continuous market updates

Other Important & Relevant Pages for You:

FAQs About Nifty Midcap Option Chain

The contract size of Midcap Nifty options is fixed by the NSE and typically represents a certain number of units (e.g., 75 units per lot). Check the current NSE circular for the latest lot size.
Midcap Nifty options expire on the last Thursday of every month. If that day is a holiday, expiry occurs on the previous trading day
No, these are European-style options, meaning they can be exercised only on expiry.
Midcap Nifty options are cash-settled on expiry, so you don’t need to deliver the underlying index.
Any investor with an active trading and derivatives account approved for options trading by their broker can trade Midcap Nifty options.
Yes, writing (selling) options requires margin as per the exchange’s risk framework, and it varies with volatility and exposure.
Yes, they are widely used for hedging existing midcap portfolio positions or for managing market exposure.
The main risk is market volatility and the potential for quick losses if your view doesn’t play out.
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