New Delhi, Aug. 4 -- If the stock market is a reflection of human behaviour, the derivatives market is where that behaviour gets priced in. While price charts record history, derivatives often anticipate it. In particular, the Nifty 50 Option Chain functions as a real-time dashboard of where traders think the market is headed, how confident they are, and what levels they believe matter most.

For traders, this data is gold-not because it guarantees outcomes, but because it offers a glimpse into positioning, risk appetite, and collective expectations. The beauty of the option chain lies in its transparency: it doesn't hide sentiment; it reveals it. To decode that sentiment, however, requires more than just glancing at open interest or prem...