Daily digest / Bank Nifty / 2026-10-08 · this week
Bank Nifty · Thursday 8 Oct 2026 · close
54,669 -592.0 (-1.07%)
Expiry Tue 27 Oct · 13 sessions

Quiet, range-bound session

Bank Nifty traded a narrow 578 pts range and closed at 54,669. Put writers added the most fresh OI at 52,000 (+0.5 L). Call writers built positions at 54,700–56,000, led by 55,000 (+3.2 L). Max pain moved from 55,900 to 55,500, following price down. PCR fell from 0.92 to 0.86.

Spot Max pain 54,600 support PCR 15-min · IST
Open55,141
High · 10:1655,189
Low · 14:1054,612
Avg PCR0.88
Max pain55,500

Key levels into expiry

56,000 Call wall · 12.4 L OI resistance
55,500 Max pain magnet
55,000 Fresh calls +3.2 L cap
54,700 Fresh calls +1.0 L cap
54,669 Close ●
54,600 Fresh puts +0.3 L · held the low support
52,000 Fresh puts +0.5 L · Put wall · 7.3 L OI support

Where writers added today

55,000
+3.2 L
54,700
+1.0 L
56,000
+0.9 L
52,000
+0.5 L
54,600
+0.3 L
52,200
+0.3 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,540
Session range578
The session used 38% of the monthly straddle's priced move.

Last 6 sessions

09-30 54,961 —
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 10-08 54,669 -592
PCR 0.88
MP 55,500

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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