Daily digest / Bank Nifty / 2026-10-22 · this week
Bank Nifty · Thursday 22 Oct 2026 · close
54,945 -34.1 (-0.06%)
3rd straight down dayExpiry Tue 27 Oct · 3 sessions

Buying from the open, sellers fade it

Bank Nifty opened with a 304-pt gap down at 54,676. Bank Nifty climbed 457 pts from 54,676 at 09:15 to 55,133 by 11:15 IST. Put writers added the most fresh OI at 54,500 (+2.9 L), right where the low held. Call writers built positions at 54,700–57,300, led by 54,700 (+0.4 L). Max pain held at 55,500 all session. PCR rose from 0.88 to 0.94.

Spot Max pain 54,500 support PCR 15-min · IST
Open54,676
High · 10:3955,262
Low · 09:1554,628
Avg PCR0.92
Max pain55,500

Key levels into expiry

57,300 Fresh calls +0.4 L cap
56,000 Call wall · 15.8 L OI resistance
55,700 Fresh calls +0.4 L cap
55,500 Max pain magnet
54,945 Close ●
54,500 Fresh puts +2.9 L · held the low support
54,000 Put wall · 7.8 L OI floor
53,000 Fresh puts +0.6 L support

Where writers added today

54,700
+0.4 L
57,300
+0.4 L
55,700
+0.4 L
54,500
+2.9 L
53,000
+0.6 L
54,600
+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 open850
Session range634
The session used 75% of the monthly straddle's priced move.

Last 6 sessions

10-14 55,457 —
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 10-19 55,529 -369
PCR 0.97
MP 55,600 10-21 54,979 -550
PCR 0.88
MP 55,500 10-22 54,945 -34
PCR 0.92
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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