Daily digest / Bank Nifty / 2026-07-29 · this week
Bank Nifty · Wednesday 29 Jul 2026 · close
57,312
+165.9 (+0.29%)
Expiry Tue 25 Aug · 19 sessions
Quiet, range-bound session
Bank Nifty traded a narrow 313 pts range and closed at 57,312. Put writers added the most fresh OI at 57,200 (+1.7 L), right where the low held. Call writers built positions at 57,300–58,000, led by 58,000 (+2.6 L). Max pain moved from 57,900 to 57,600.
Spot
Max pain
57,200 support
PCR
15-min · IST
Key levels into expiry
58,000
Call wall · 20.5 L OI · Fresh calls +2.6 L
resistance
57,600
Max pain
magnet
57,500
Fresh calls +1.0 L
cap
57,312
Close
●
57,200
Fresh puts +1.7 L · held the low
support
57,000
Fresh puts +1.5 L · held the low · Put wall · 7.6 L OI
support
Where writers added today
■ calls ■ puts · OI change from the first snapshot to the close, strikes near spot
Move vs what options priced
Monthly ATM straddle at open1,793
Session range313
The session used 17% of the monthly straddle's priced move.
Reading these numbers
- Max pain is the strike where option buyers collectively lose the most at expiry. It often drifts with price, and the pull tends to strengthen into expiry.
- Fresh OI shows where option writers opened new positions during the session. Heavy put writing below price often marks a level sellers expect to hold; heavy call writing above marks a ceiling.
- PCR is put OI ÷ call OI for the monthly expiry.
- Straddle vs range compares the ATM straddle price at the open (what options priced in) with the distance price actually covered.
Descriptive summaries of recorded option-chain positioning, generated automatically — not trading signals or advice.
Read the disclaimer →
Related reading
PCR explained →
How put-call ratio is calculated and when it misleads.
Max pain theory →
Why max pain matters near expiry.
OI buildup →
Reading the four OI patterns.