Daily digest / Bank Nifty / 2026-10-14 · this week
Bank Nifty · Wednesday 14 Oct 2026 · close
55,457 -443.2 (-0.79%)
Expiry Tue 27 Oct · 9 sessions

Quiet session pinned near max pain 55,500

Bank Nifty traded a narrow 422 pts range and closed at 55,457. Put writers added the most fresh OI at 54,600 (+0.3 L). Call writers built positions at 55,500–57,500, led by 56,000 (+0.9 L). Max pain moved from 55,600 to 55,500, following price down. PCR fell from 1.07 to 0.98.

Spot Max pain PCR 15-min · IST
Open55,615
High · 09:4755,763
Low · 13:1555,341
Avg PCR1.01
Max pain55,500

Key levels into expiry

57,500 Fresh calls +0.7 L cap
56,000 Call wall · 11.9 L OI · Fresh calls +0.9 L resistance
55,500 Max pain magnet
55,457 Close ●
55,000 Put wall · 13.3 L OI floor
54,600 Fresh puts +0.3 L support
54,300 Fresh puts +0.1 L support

Where writers added today

56,000
+0.9 L
57,500
+0.7 L
55,500
+0.6 L
54,600
+0.3 L
56,200
+0.1 L
54,300
+0.1 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,249
Session range422
The session used 34% of the monthly straddle's priced move.

Last 6 sessions

10-06 55,243 —
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 10-09 55,496 +827
PCR 0.95
MP 55,700 10-13 55,900 +404
PCR 0.96
MP 55,600 10-14 55,457 -443
PCR 1.01
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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