Daily digest / Bank Nifty / 2026-11-03 · this week
Bank Nifty · Tuesday 3 Nov 2026 · close
55,521 +424.4 (+0.77%)
2nd straight up dayExpiry Mon 23 Nov · 14 sessions

Quiet session pinned near max pain 55,600

Bank Nifty traded a narrow 559 pts range and closed at 55,521. Put writers added the most fresh OI at 56,400 (+1.1 L). Call writers built positions at 55,600–58,000, led by 58,000 (+8.1 L). Max pain moved from 55,500 to 55,600, following price up.

Spot Max pain 55,500 support PCR 15-min · IST
Open55,299
High · 13:5155,858
Low · 09:1555,299
Avg PCR1.01
Max pain55,600

Key levels into expiry

58,000 Call wall · 24.2 L OI · Fresh calls +8.1 L resistance
55,600 Fresh calls +1.1 L · Max pain cap
55,521 Close ●
55,500 Fresh puts +0.9 L · held the low support
55,000 Put wall · 12.5 L OI floor

Where writers added today

58,000
+8.1 L
55,600
+1.1 L
55,700
+0.7 L
56,400
+1.1 L
55,600
+1.1 L
55,500
+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 open1,474
Session range559
The session used 38% of the monthly straddle's priced move.

Last 6 sessions

10-27 53,975 —
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 11-03 55,521 +424
PCR 1.01
MP 55,600

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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