Bank Nifty · 2026-04-29
Option chain snapshot summary for the 2026-04-29 trading session — 5 data points captured between 09:15 and 15:30 IST.
Avg PCR
0.954
Balanced — neutral zone
Max Pain Strike
56,000
Strike where max OI expires worthless
Spot Range
56,012.0
–
56,099.8
–
56,099.8
Range 87.8 pts
(0.16%)
Signal Bias
LONG
PCR crossover engine dominant signal
Max-Pain PCR
1.16
PCR at the max-pain strike level
Data Points
5
Chain snapshots captured this session
Reading these numbers
- PCR 0.954 — A PCR below 1 means more call OI than put OI. Call writers dominate, which can act as a resistance cap on rallies near heavily-written call strikes.
- Max Pain at 56,000 — The theoretical price at which the index would cause the most option contracts to expire worthless, minimising the total payout from option writers. Often acts as an intraday or expiry-week magnet, especially in low-volatility sessions.
- Spot ranged 56,012.0 – 56,099.8 — The index spent the session above max pain (56,000) — above-pain positioning can attract selling pressure near expiry.
These are aggregate summaries of market positioning data, not trading signals. PCR and
max pain are widely-watched indicators but are not predictive on their own.
Read full disclaimer →
Related reading
PCR Explained →
How put-call ratio is calculated, what thresholds signal, and when it misleads.
Max Pain Theory →
Why max pain matters near expiry and how option writers influence price.
OI Buildup →
Long buildup, short covering, short buildup — reading the four OI patterns.
See live option chain data and real-time PCR for Bank Nifty. Login to the terminal →