Daily digest / Bank Nifty / 2026-10-27 · this week
Bank Nifty · Tuesday 27 Oct 2026 · close
53,975 -402.2 (-0.74%)
Expiry day

Early sell-off, closes near the lows

Bank Nifty slid 624 pts from 54,599 at 10:15 to 53,975 by 15:30 IST. Put writers added the most fresh OI at 54,100 (+6.0 L), right where the low held. Call writers built positions at 54,200–54,400, led by 54,200 (+15.9 L). Max pain moved from 54,900 to 54,300, following price down. PCR fell from 0.80 to 0.56.

Spot Max pain PCR 15-min · IST
Open54,365
High · 10:0354,671
Low · 14:2353,958
Avg PCR0.73
Max pain54,300

Key levels into expiry

54,300 Fresh calls +13.8 L · Max pain cap
54,200 Call wall · 18.6 L OI · Fresh calls +15.9 L resistance
53,975 Close ●

Where writers added today

54,200
+15.9 L
54,300
+13.8 L
54,400
+12.5 L
54,100
+6.0 L
54,200
+4.5 L
54,500
+4.3 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open465
Session range713
One session moved 1.5× the monthly straddle's full priced move.

Last 6 sessions

10-19 55,529 —
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 10-27 53,975 -402
PCR 0.73
MP 54,300

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 →