Daily digest / Bank Nifty / 2026-08-28 · this week
Bank Nifty · Friday 28 Aug 2026 · close
57,834
-10.7 (-0.02%)
2nd straight down dayExpiry Tue 29 Sep · 22 sessions
Quiet session pinned near max pain 57,700
Bank Nifty traded a narrow 326 pts range and closed at 57,834. Put writers added the most fresh OI at 57,500 (+1.0 L), right where the low held. Call writers built positions at 57,400–60,000, led by 57,400 (+0.6 L). Max pain moved from 57,800 to 57,700, following price down.
Spot
Max pain
57,500 support
PCR
15-min · IST
Key levels into expiry
60,000
Fresh calls +0.5 L
cap
59,000
Fresh calls +0.5 L
cap
58,000
Call wall · 12.1 L OI
resistance
57,834
Close
●
57,700
Max pain
magnet
57,500
Fresh puts +1.0 L · held the low · Put wall · 18.7 L OI
support
55,500
Fresh puts +0.9 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 open1,476
Session range326
The session used 22% 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.