Daily digest / Bank Nifty / 2026-10-16 · this week
Bank Nifty · Friday 16 Oct 2026 · close
55,898 +19.0 (+0.03%)
2nd straight up dayExpiry Tue 27 Oct · 7 sessions

Quiet session pinned near max pain 55,800

Bank Nifty traded a narrow 322 pts range and closed at 55,898. Put writers added the most fresh OI at 55,500 (+0.8 L), right where the low held. Call writers built positions at 55,700–58,000, led by 58,000 (+0.7 L). Max pain held at 55,800 all session.

Spot Max pain 55,500 support PCR 15-min · IST
Open56,006
High · 13:3656,009
Low · 09:3655,687
Avg PCR1.05
Max pain55,800

Key levels into expiry

58,000 Fresh calls +0.7 L cap
57,000 Fresh calls +0.5 L cap
56,000 Call wall · 12.2 L OI resistance
55,898 Close ●
55,800 Max pain magnet
55,500 Fresh puts +0.8 L · held the low support
55,000 Put wall · 13.6 L OI floor
53,500 Fresh puts +0.8 L support

Where writers added today

58,000
+0.7 L
57,000
+0.5 L
55,700
+0.5 L
55,500
+0.8 L
53,500
+0.8 L
54,000
+0.7 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,144
Session range322
The session used 28% of the monthly straddle's priced move.

Last 6 sessions

10-08 54,669 —
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 10-15 55,879 +422
PCR 1.08
MP 55,800 10-16 55,898 +19
PCR 1.05
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.

All Bank Nifty sessions · Indices hub · Live terminal →