Nifty Bank (BANKNIFTY) Option Chain
54,267.40+292.50 (0.54%)
Previous close: .
23 Nov
| 1D Build | Volume (K) | OI (K) | LTP (₹) |
|---|---|---|---|
| Long build | 277.74 | 77.400+8.54% | 1,553.65+4.35% |
| Long build | 105.09 | 10.080+89.83% | 1,489.00+4.41% |
| Long build | 330 | 16.770+186.67% | 1,438.80+4.68% |
| Long build | 835.71 | 37.620+171.43% | 1,348.35+3.57% |
| Long build | 550.29 | 45.390+45.62% | 1,308.30+6.02% |
| Long build | 2,215.68 | 458.460+86.57% | 1,235.00+4.87% |
| Long build | 725.73 | 87.930+60.08% | 1,166.95+3.66% |
| Long build | 943.32 | 94.020+23.97% | 1,120.55+5.79% |
| Long build | 789.87 | 108.450+7.43% | 1,058.00+5.57% |
| Long build | 473.94 | 96.240+11.35% | 998.50+5.37% |
| Short cover | 1,965.57 | 475.530-6.52% | 941.10+5.36% |
| Long build | 321.87 | 79.350+8.94% | 891.05+5.49% |
| Long build | 238.32 | 73.080+9.29% | 845.05+5.77% |
| Long build | 250.26 | 54.930+26.71% | 791.20+5.38% |
| Long build | 183.39 | 36.480+15.04% | 732.30+3.82% |
| Long build | 2,505.93 | 1,144.380+8.33% | 693.00+5.49% |
| Long build | 164.64 | 83.190+13.23% | 645.40+4.76% |
| Long build | 173.85 | 50.760+88.00% | 609.40+5.92% |
| Long build | 143.61 | 45.810+54.40% | 568.80+5.57% |
| Long build | 131.97 | 49.170+21.05% | 537.85+7.80% |
| Long build | 941.91 | 667.290+13.64% | 493.15+6.63% |
| Strike |
|---|
| 53,500.00 |
| 53,600.00 |
| 53,700.00 |
| 53,800.00 |
| 53,900.00 |
| 54,000.00 |
| 54,100.00 |
| 54,200.00 |
| 54,300.00 |
| 54,400.00 |
| 54,500.00 |
| 54,600.00 |
| 54,700.00 |
| 54,800.00 |
| 54,900.00 |
| 55,000.00 |
| 55,100.00 |
| 55,200.00 |
| 55,300.00 |
| 55,400.00 |
Max Pain |
| LTP (₹) | OI (K) | Volume (K) | 1D Build |
|---|---|---|---|
| 515.15-12.85% | 313.170+17.31% | 946.44 | Short build |
| 559.70-9.62% | 52.560+113.92% | 440.79 | Short build |
| 584.55-10.16% | 73.140+243.86% | 751.68 | Short build |
| 619.00-9.97% | 120.390+390.59% | 1,480.71 | Short build |
| 653.00-10.26% | 90.300+191.67% | 792.36 | Short build |
| 679.50-11.48% | 677.490+57.24% | 2,658 | Short build |
| 719.20-10.45% | 104.550+139.52% | 824.22 | Short build |
| 765.10-8.48% | 116.490+93.67% | 832.23 | Short build |
| 803.50-9.41% | 107.460+36.61% | 785.37 | Short build |
| 845.00-9.45% | 97.230+9.72% | 426.03 | Short build |
| 889.65-9.18% | 456.420+1.70% | 1,096.5 | Short build |
| 937.80-9.29% | 65.760+7.14% | 203.25 | Short build |
| 977.80-10.19% | 57.120-17.04% | 129.84 | Long unwind |
| 1,043.10-6.60% | 42.750+7.14% | 90.6 | Short build |
| 1,083.05-7.54% | 25.140+0.60% | 37.65 | Short build |
| 1,128.00-8.98% | 1,036.950+5.04% | 544.26 | Short build |
| 1,201.70-6.15% | 63.060-0.19% | 9.69 | Long unwind |
| 1,265.10-7.16% | 18.930+4.13% | 7.62 | Short build |
| 1,309.00-6.74% | 26.160+2.11% | 7.05 | Short build |
| 1,375.80-5.50% | 12.330+1.99% | 7.17 | Short build |
| 1,430.55-6.87% | 399.450-1.50% | 64.35 | Long unwind |
FAQs
What is the put-call ratio (PCR) of Nifty Bank (BANKNIFTY) today?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) put-call ratio (PCR) for the 23 Nov expiry is 0.94. Put open interest stands at 1,12,64,790 units against 1,20,30,540 units on the call side. PCR is total put open interest divided by total call open interest: above 1 leans bullish, below about 0.7 leans bearish, and roughly 0.8–1.0 is neutral.
What is the max pain for Nifty Bank (BANKNIFTY) options for the 23 Nov expiry?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) max pain for the 23 Nov expiry is 55,500.00. Spot is 54,267.40, 1,232.60 points (2.22%) below it, with 26 days to expiry. Max pain is the strike at which option buyers would lose the most at expiry, and price often drifts towards it in the final days.
Which Nifty Bank (BANKNIFTY) strike has the highest call and put open interest?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) has its highest call open interest at the 55,000.00 strike (11,44,380 units) and its highest put open interest at the 55,000.00 strike (10,36,950 units) for the 23 Nov expiry. These are the peaks among the near-the-money strikes on this chain. Heavy call open interest often caps the price as resistance, and heavy put open interest often holds it as support.
What are the support and resistance levels of Nifty Bank (BANKNIFTY) from the option chain?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) option chain marks support at 54,000.00 and resistance at 55,000.00 for the 23 Nov expiry. Spot is 54,267.40, 267.40 points (0.50%) above support and 732.60 points (1.33%) below resistance, with 26 days to expiry. Sahi scores the strikes near spot by open interest, fresh build-up and distance from the price, so these levels can differ from the single highest open-interest strikes. Put writers tend to defend support and call writers tend to defend resistance.
What is the expected move for Nifty Bank (BANKNIFTY) by the 23 Nov expiry?
As of 15:40 IST on 28 Oct 2026, the expected move for Nifty Bank (BANKNIFTY) by the 23 Nov expiry is ±1,830.75 (3.37%). From the spot price of 54,267.40, that puts the range at 52,436.65 to 56,098.15, with 26 days to expiry. The expected move is estimated from the at-the-money straddle premium — the 54,500 call plus the 54,500 put — which is what options traders are paying for BANKNIFTY to move in either direction before expiry.
What is the ATM straddle premium for Nifty Bank (BANKNIFTY) today?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) ATM straddle premium for the 23 Nov expiry is 1,830.75, with 26 days to expiry: the 54,500.00 call at 941.10 plus the 54,500.00 put at 889.65. One lot of the straddle costs ₹54,923. A long straddle profits only if the price moves further than the premium in either direction by expiry.
What is the ATM implied volatility of Nifty Bank (BANKNIFTY) today?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) ATM implied volatility for the 23 Nov expiry is 15.68% at the 54,500.00 strike. Implied volatility is the annualised move that option premiums are pricing in: higher IV makes options dearer to buy and pays sellers more premium.
Which Nifty Bank (BANKNIFTY) strikes saw the biggest OI build-up or unwinding today?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) has its biggest open-interest build-up at the 54,000.00 put (+2,46,630 units) and its biggest unwinding at the 54,500.00 call (−33,180 units) for the 23 Nov expiry. Change in open interest is measured against the previous session's close. A build-up means fresh positions are being written at that strike; unwinding means traders are closing them out.
What is the lot size of Nifty Bank (BANKNIFTY), and what is one contract worth at today's price?
As of 15:40 IST on 28 Oct 2026, Nifty Bank (BANKNIFTY) lot size for the 23 Nov expiry is 30 units. At a spot price of 54,267.40, one contract is worth ₹16,28,022. Options trade only in whole lots, so premium × lot size is the rupee cost of one lot. NSE revises index lot sizes from time to time, so confirm it before you place an order.
Which Nifty Bank (BANKNIFTY) expiry should I track, and how do near and far expiries differ?
The Nifty Bank (BANKNIFTY) expiry shown on this chain is 23 Nov 2026. Use the expiry selector above the chain to switch between the BANKNIFTY expiries open for trading. The nearest expiry is cheaper and loses time value quickly, suiting intraday and short-term trades; later expiries carry more time value for positional views. Read OI, PCR and Max Pain per the expiry you select.