Daily digest / Bank Nifty / 2026-08-06 · this week
Bank Nifty · Thursday 6 Aug 2026 · close
58,158
+325.1 (+0.56%)
Expiry Tue 25 Aug · 13 sessions
Quiet session pinned near max pain 58,000
Bank Nifty traded a narrow 311 pts range and closed at 58,158. Put writers added the most fresh OI at 58,000 (+1.7 L), right where the low held. Call writers built positions at 58,100–60,500, led by 58,100 (+1.0 L). Max pain moved from 57,800 to 58,000, following price up. PCR rose from 0.83 to 0.95.
Spot
Max pain
58,000 support
PCR
15-min · IST
Key levels into expiry
60,500
Fresh calls +0.5 L
cap
59,000
Call wall · 11.3 L OI
resistance
58,500
Fresh calls +0.3 L
cap
58,158
Close
●
58,100
Fresh puts +1.7 L
support
58,000
Max pain · Fresh puts +1.7 L · held the low · Put wall · 17.6 L OI
magnet
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 open1,387
Session range311
The session used 22% of the monthly straddle's priced move.
Last 5 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.