Daily digest / Bank Nifty / 2026-09-02 · this week
Bank Nifty · Wednesday 2 Sep 2026 · close
57,498
-65.9 (-0.11%)
2nd straight down dayExpiry Tue 29 Sep · 19 sessions
Quiet session pinned near max pain 57,500
Bank Nifty traded a narrow 332 pts range and closed at 57,498. Put writers added the most fresh OI at 57,000 (+1.1 L). Call writers built positions at 57,000–60,000, led by 59,000 (+1.2 L). Max pain moved from 57,600 to 57,500, following price down.
Spot
Max pain
PCR
15-min · IST
Key levels into expiry
60,000
Fresh calls +0.7 L
cap
59,000
Fresh calls +1.2 L
cap
57,500
Call wall · 19.5 L OI · Max pain
resistance
57,498
Close
●
57,000
Fresh puts +1.1 L · Put wall · 9.5 L OI
support
56,900
Fresh puts +0.5 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 open1,487
Session range332
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.