Daily digest / Bank Nifty / 2026-08-07 · this week
Bank Nifty · Friday 7 Aug 2026 · close
58,015
-142.6 (-0.25%)
Expiry Tue 25 Aug · 12 sessions
Quiet session pinned near max pain 58,000
Bank Nifty traded a narrow 253 pts range and closed at 58,015. Put writers added the most fresh OI at 56,300 (+0.2 L). Call writers built positions at 58,500–60,000, led by 58,500 (+1.3 L). Max pain held at 58,000 all session. PCR fell from 0.97 to 0.89.
Spot
Max pain
PCR
15-min · IST
Key levels into expiry
60,000
Call wall · 11.8 L OI · Fresh calls +1.1 L
resistance
58,500
Fresh calls +1.3 L
cap
58,015
Close
●
58,000
Max pain · Put wall · 16.9 L OI
magnet
56,400
Fresh puts +0.1 L
support
56,300
Fresh puts +0.2 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 open1,267
Session range253
The session used 20% of the monthly straddle's priced move.
Last 6 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.