Daily digest / Bank Nifty / 2026-08-26 · this week
Bank Nifty · Wednesday 26 Aug 2026 · close
58,219
+704.9 (+1.23%)
2nd straight up dayExpiry Tue 29 Sep · 24 sessions
Buying from the open, sellers fade it
Bank Nifty opened with a 539-pt gap up at 58,053. Bank Nifty climbed 1,873 pts from 58,053 at 09:15 to 59,926 by 11:00 IST. Put writers added the most fresh OI at 58,000 (+2.8 L), right where the low held. Call writers built positions at 58,300–61,000, led by 61,000 (+1.6 L). Max pain moved from 57,500 to 57,800, following price up.
Spot
Max pain
58,000 support
PCR
15-min · IST
Key levels into expiry
61,000
Fresh calls +1.6 L
cap
60,000
Call wall · 7.6 L OI
resistance
58,300
Fresh calls +1.6 L
cap
58,219
Close
●
58,000
Fresh puts +2.8 L · held the low
support
57,900
Fresh puts +1.4 L · held the low
support
57,800
Max pain
magnet
57,500
Put wall · 17.5 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 open1,505
Session range1,873
One session moved 1.2× the monthly straddle's full 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.