Daily digest / Bank Nifty / 2026-10-26 · this week
Bank Nifty · Monday 26 Oct 2026 · close
54,377 +120.0 (+0.22%)
Expiry Tue 27 Oct · 1 session

Midday rally, gains trimmed into the close

Bank Nifty opened with a 148-pt gap up at 54,405. Bank Nifty climbed 345 pts from 54,099 at 11:45 to 54,444 by 14:15 IST. Put writers added the most fresh OI at 54,100 (+2.7 L), right where the low held. Call writers built positions at 54,100–55,000, led by 54,500 (+1.8 L). Max pain moved from 55,000 to 54,900. PCR fell from 0.87 to 0.80.

Spot Max pain 54,100 support PCR 15-min · IST
Open54,405
High · 10:0754,493
Low · 09:2653,930
Avg PCR0.84
Max pain54,900

Key levels into expiry

56,000 Call wall · 16.7 L OI resistance
55,000 Fresh calls +1.4 L cap
54,900 Max pain magnet
54,500 Fresh calls +1.8 L cap
54,377 Close ●
54,100 Fresh puts +2.7 L · held the low support
54,000 Fresh puts +2.6 L · held the low · Put wall · 9.9 L OI support

Where writers added today

54,500
+1.8 L
55,000
+1.4 L
54,100
+1.4 L
54,100
+2.7 L
54,000
+2.6 L
53,800
+1.6 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open660
Session range563
The session used 85% of the monthly straddle's priced move.

Last 6 sessions

10-16 55,898 —
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 10-23 54,257 -688
PCR 0.86
MP 55,000 10-26 54,377 +120
PCR 0.84
MP 54,900

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 →