Daily digest / Bank Nifty / 2026-08-03 · this week
Bank Nifty · Monday 3 Aug 2026 · close
57,883
+488.2 (+0.85%)
2nd straight up dayExpiry Tue 25 Aug · 16 sessions
Quiet session pinned near max pain 57,800
Bank Nifty traded a narrow 317 pts range and closed at 57,883. Put writers added the most fresh OI at 58,000 (+2.4 L). Call writers built positions at 57,700–59,000, led by 59,000 (+3.4 L). Max pain moved from 57,500 to 57,800, following price up.
Spot
Max pain
57,800 support
PCR
15-min · IST
Key levels into expiry
59,000
Fresh calls +3.4 L
cap
58,000
Call wall · 22.7 L OI
resistance
57,883
Close
●
57,800
Max pain · Fresh puts +1.3 L · held the low
magnet
57,500
Fresh puts +1.5 L · held the low
support
57,000
Put wall · 9.3 L OI
floor
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 open1,425
Session range317
The session used 22% of the monthly straddle's priced move.
Last 3 sessions
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.