Daily digest / Bank Nifty / 2026-10-07 · this week
Bank Nifty · Wednesday 7 Oct 2026 · close
55,261 +18.2 (+0.03%)
3rd straight up dayExpiry Tue 27 Oct · 14 sessions

Early rally, gains trimmed into the close

Bank Nifty opened with a 267-pt gap down at 54,976. A steady start gave way at 09:30 IST and Bank Nifty climbed 559 pts to 55,479. Put writers added the most fresh OI at 55,500 (+1.1 L). Call writers built positions at 55,000–58,000, led by 55,000 (+1.2 L). Max pain moved from 56,000 to 55,800.

Spot Max pain 55,000 support PCR 15-min · IST
Open54,976
High · 11:2755,506
Low · 09:4054,845
Avg PCR0.93
Max pain55,800

Key levels into expiry

58,000 Call wall · 14.0 L OI · Fresh calls +0.8 L resistance
57,000 Fresh calls +1.1 L cap
55,800 Max pain magnet
55,261 Close ●
55,200 Fresh puts +0.9 L support
55,000 Fresh puts +0.8 L · held the low · Put wall · 10.9 L OI support

Where writers added today

55,000
+1.2 L
57,000
+1.1 L
58,000
+0.8 L
55,500
+1.1 L
55,200
+0.9 L
55,000
+0.8 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,547
Session range661
The session used 43% of the monthly straddle's priced move.

Last 6 sessions

09-29 54,260 —
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 10-06 55,243 +310
PCR 0.92
MP 56,000 10-07 55,261 +18
PCR 0.93
MP 55,800

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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