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NIFTY Bank

NSE: BANKNIFTY · Banking · Lot size: 15

OverviewOption ChainOI AnalysisFII / DIIMax Pain

NIFTY Bank Open Interest & PCR Analysis

₹55,079.25Updated 6 May 2026, 10:00 am IST
PCR
0.85
Neutral
Max Pain
₹56,000
Spot below by ₹921
Total CE OI
13.60M
Call writers
Total PE OI
11.54M
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 Pattern

The index exhibits a neutral buildup with spot price unchanged and total open interest holding steady, indicating balanced participation. Neither fresh longs nor shorts are accumulating significantly, suggesting market participants are awaiting directional cues. Positioning remains range-bound with no conclusive bias emerging from options activity.

Put-Call Ratio

The PCR stands at 0.849, marginally higher than yesterday’s 0.848, reflecting a slight increase in put open interest relative to calls. This small uptick indicates a modest incremental preference for downside protection.

Futures OI

Futures open interest remains at zero with no change in positioning, signaling absence of fresh directional bets via the futures segment. This lack of futures participation underscores a speculative pause, with traders favoring options for hedging or volatility strategies.

Data Summary

Total open interest is unchanged, with call dominance persisting as CE OI exceeds PE OI by approximately 20.6 lakh contracts for the 2026-05-06 expiry.

Data as of 2026-05-06

Frequently Asked Questions

What is NIFTY Bank PCR (Put-Call Ratio) today?▾
NIFTY Bank's current PCR is 0.85. 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 0.85 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 13597590 contracts and total PE (put) OI of 11538360 contracts for the nearest expiry. The PCR is 0.85.
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 ₹56,000 — 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.