Daily digest / Bank Nifty / 2026-11-02 · this week
Bank Nifty · Monday 2 Nov 2026 · close
55,097 +295.2 (+0.54%)
Expiry Mon 23 Nov · 15 sessions

Quiet, range-bound session

Bank Nifty traded a narrow 425 pts range and closed at 55,097. Put writers added the most fresh OI at 55,000 (+1.1 L), right where the low held. Call writers built positions at 55,000–55,500, led by 55,000 (+0.9 L). Max pain held at 55,500 all session.

Spot Max pain 55,000 support PCR 15-min · IST
Open55,034
High · 09:2055,215
Low · 13:4054,789
Avg PCR0.96
Max pain55,500

Key levels into expiry

57,000 Call wall · 18.3 L OI resistance
55,500 Fresh calls +0.7 L · Max pain cap
55,100 Fresh calls +0.6 L cap
55,097 Close ●
55,000 Fresh puts +1.1 L · held the low · Put wall · 12.3 L OI support
54,900 Fresh puts +0.6 L · held the low support

Where writers added today

55,000
+0.9 L
55,500
+0.7 L
55,100
+0.6 L
55,000
+1.1 L
55,100
+0.6 L
54,900
+0.6 L
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Monthly ATM straddle at open1,570
Session range425
The session used 27% of the monthly straddle's priced move.

Last 6 sessions

10-26 54,377 —
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 10-29 55,172 +619
PCR 0.95
MP 55,500 10-30 54,801 -371
PCR 0.97
MP 55,500 11-02 55,097 +295
PCR 0.96
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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