Daily digest / Bank Nifty / 2026-08-05 · this week
Bank Nifty · Wednesday 5 Aug 2026 · close
57,832
-50.6 (-0.09%)
Expiry Tue 25 Aug · 14 sessions
Quiet session pinned near max pain 57,800
Bank Nifty traded a narrow 452 pts range and closed at 57,832. Put writers added the most fresh OI at 55,000 (+0.3 L). Call writers built positions at 57,500–57,700, led by 57,600 (+0.9 L). Max pain moved from 57,900 to 57,800, following price down. PCR fell from 0.86 to 0.83.
Spot
Max pain
PCR
15-min · IST
Key levels into expiry
58,000
Call wall · 23.5 L OI
resistance
57,832
Close
●
57,800
Max pain
magnet
57,000
Put wall · 9.5 L OI
floor
55,500
Fresh puts +0.3 L
support
55,000
Fresh puts +0.3 L
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 open1,330
Session range452
The session used 34% of the monthly straddle's priced move.
Last 4 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.