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NIFTY Bank

NSE: BANKNIFTY · Lot size: 15 · Weekly Wednesday expiry

OverviewOption ChainOI AnalysisMax Pain

NIFTY Bank Open Interest & PCR Analysis

₹56,330.3Updated 27 Apr 2026, 10:00 am IST
PCR
0.81
Neutral
Max Pain
56,100
Spot above by 230
Total CE OI
20.62M
Call writers
Total PE OI
16.77M
Put writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Read

Neutral buildup dominates with spot flat at ₹56330.3 and total OI unchanged, reflecting balanced fresh positioning in both calls and puts. This inertia suggests indecision amid consolidation near key levels. Signal strength is weak, indicating absence of decisive directional momentum.

Put-Call Ratio Signal

PCR holds steady at 0.813, below the 1.0 threshold, indicating call dominance and a structurally bullish bias in options sentiment. The unchanged ratio from the prior day confirms sustained call writing without escalation in protective put demand.

Futures Confirmation

Futures OI remains static at zero net change, failing to confirm any fresh long or short conviction in the underlying. Lack of futures participation underscores the sideways, range-bound character of current price action.

Bias for Tomorrow

Bullish bias prevails into tomorrow, contingent on holding above ₹56330; break below invalidates the posture.

Data as of 2026-04-27

Frequently Asked Questions

What is NIFTY Bank PCR (Put-Call Ratio) today?▾
NIFTY Bank's current PCR is 0.81. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. NIFTY Bank's PCR of 0.81 indicates neutral sentiment.
What is NIFTY Bank OI buildup type today?▾
NIFTY Bank is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for NIFTY Bank?▾
NIFTY Bank has total CE (call) OI of 20622750 contracts and total PE (put) OI of 16774650 contracts for the nearest expiry. The PCR is 0.81.
How is open interest analysis useful for NIFTY Bank trading?▾
OI analysis for NIFTY Bank helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for NIFTY Bank?▾
NIFTY Bank's max pain is ₹56,100 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.