Daily digest / Bank Nifty / 2026-11-04 · this week
Bank Nifty · Wednesday 4 Nov 2026 · close
56,003 +482.2 (+0.87%)
3rd straight up dayExpiry Mon 23 Nov · 13 sessions

Buying from the open, closes near the highs

Bank Nifty climbed 607 pts from 55,396 at 09:15 to 56,003 by 15:39 IST. Put writers added the most fresh OI at 55,700 (+2.0 L). Call writers built positions at 55,700–58,000, led by 55,700 (+1.3 L). Max pain moved from 55,600 to 55,700, following price up.

Spot Max pain PCR 15-min · IST
Open55,396
High · 14:2956,043
Low · 09:1555,396
Avg PCR0.98
Max pain55,700

Key levels into expiry

58,000 Call wall · 25.1 L OI · Fresh calls +0.9 L resistance
56,003 Close ●
56,000 Fresh puts +1.3 L support
55,700 Max pain · Fresh puts +2.0 L magnet
55,000 Put wall · 13.4 L OI floor

Where writers added today

55,700
+1.3 L
58,000
+0.9 L
55,800
+0.8 L
55,700
+2.0 L
56,000
+1.3 L
55,000
+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 open1,535
Session range647
The session used 42% of the monthly straddle's priced move.

Last 6 sessions

10-28 54,553 —
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 11-04 56,003 +482
PCR 0.98
MP 55,700

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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