Daily digest / Bank Nifty / 2026-10-05 · this week
Bank Nifty · Monday 5 Oct 2026 · close
54,933 +149.4 (+0.27%)
Expiry Tue 27 Oct · 16 sessions

Early sell-off, losses pared into the close

Bank Nifty opened with a 354-pt gap up at 55,137. Bank Nifty slid 607 pts from 55,374 at 09:30 to 54,767 by 12:15 IST. Put writers added the most fresh OI at 55,000 (+1.4 L). Call writers built positions at 55,000–57,500, led by 55,000 (+0.8 L). Max pain held at 56,000 all session.

Spot Max pain PCR 15-min · IST
Open55,137
High · 09:1755,418
Low · 12:0854,700
Avg PCR0.88
Max pain56,000

Key levels into expiry

57,500 Fresh calls +0.5 L cap
56,000 Call wall · 12.6 L OI · Max pain resistance
55,000 Fresh calls +0.8 L cap
54,933 Close ●
54,000 Fresh puts +0.6 L · Put wall · 6.4 L OI support
53,000 Fresh puts +0.5 L support

Where writers added today

55,000
+0.8 L
57,500
+0.5 L
57,000
+0.4 L
55,000
+1.4 L
54,000
+0.6 L
53,000
+0.5 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 range718
The session used 42% of the monthly straddle's priced move.

Last 6 sessions

09-25 55,671 —
PCR 0.80
MP 56,500 09-28 54,548 -1,122
PCR 0.71
MP 55,500 09-29 54,260 -288
PCR 0.97
MP 54,400 09-30 54,961 +701
PCR 0.88
MP 56,000 10-01 54,784 -178
PCR 0.88
MP 56,000 10-05 54,933 +149
PCR 0.88
MP 56,000

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. 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.

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