Daily digest / Bank Nifty / 2026-09-03 · this week
Bank Nifty · Thursday 3 Sep 2026 · close
57,655
+157.1 (+0.27%)
Expiry Tue 29 Sep · 18 sessions
Quiet session pinned near max pain 57,600
Bank Nifty traded a narrow 540 pts range and closed at 57,655. Put writers added the most fresh OI at 58,000 (+1.3 L). Call writers built positions at 56,700–58,500, led by 56,700 (+0.5 L). Max pain moved from 57,500 to 57,600, following price up.
Spot
Max pain
PCR
15-min · IST
Key levels into expiry
58,500
Fresh calls +0.5 L
cap
58,000
Call wall · 13.6 L OI
resistance
57,800
Fresh calls +0.4 L
cap
57,655
Close
●
57,600
Max pain
magnet
57,500
Put wall · 19.2 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 open1,472
Session range540
The session used 37% 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.