Daily digest / Bank Nifty / 2026-10-28 · this week
Bank Nifty · Wednesday 28 Oct 2026 · close
54,553 +578.1 (+1.07%)
Expiry Mon 23 Nov · 18 sessions

Quiet, range-bound session

Bank Nifty traded a narrow 702 pts range and closed at 54,553. Put writers added the most fresh OI at 54,000 (+2.5 L), right where the low held. Call writers built positions at 54,000–57,000, led by 54,000 (+2.1 L). Max pain held at 55,500 all session. PCR rose from 0.89 to 0.94.

Spot Max pain 54,000 support PCR 15-min · IST
Open54,244
High · 13:0054,682
Low · 09:3053,980
Avg PCR0.92
Max pain55,500

Key levels into expiry

57,000 Call wall · 17.6 L OI · Fresh calls +1.1 L resistance
56,000 Fresh calls +2.1 L cap
55,500 Max pain magnet
54,553 Close ●
54,000 Fresh puts +2.5 L · held the low · Put wall · 6.8 L OI support
53,800 Fresh puts +1.0 L · held the low support

Where writers added today

54,000
+2.1 L
56,000
+2.1 L
57,000
+1.1 L
54,000
+2.5 L
53,800
+1.0 L
53,000
+0.9 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,945
Session range702
The session used 36% of the monthly straddle's priced move.

Last 6 sessions

10-21 54,979 —
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 10-28 54,553 +578
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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