Daily digest / Bank Nifty / 2026-10-01 · this week
Bank Nifty · Thursday 1 Oct 2026 · close
54,784 -177.7 (-0.32%)
Expiry Tue 27 Oct · 18 sessions

Midday sell-off, buyers step in

Bank Nifty slid 837 pts from 55,274 at 11:45 to 54,438 by 14:00 IST. Put writers added the most fresh OI at 53,000 (+0.6 L). Call writers built positions at 54,500–56,500, led by 54,500 (+1.2 L). Max pain held at 56,000 all session.

Spot Max pain 54,500 support PCR 15-min · IST
Open54,907
High · 10:3655,344
Low · 14:0354,321
Avg PCR0.88
Max pain56,000

Key levels into expiry

56,500 Fresh calls +0.6 L cap
56,000 Call wall · 13.4 L OI · Fresh calls +0.6 L · Max pain resistance
54,784 Close ●
54,500 Fresh puts +0.6 L · held the low support
54,000 Put wall · 5.9 L OI floor
53,000 Fresh puts +0.6 L support

Where writers added today

54,500
+1.2 L
56,000
+0.6 L
56,500
+0.6 L
53,000
+0.6 L
56,400
+0.6 L
54,500
+0.6 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,726
Session range1,024
The session used 59% 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 →

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