BANK NIFTY Option Chain

Expiry:

Spot Price

56,693.50

Put/Call Ratio (PCR)

0.8

Bearish bias

Max Pain

57,200

expiry magnet

Key Support

56,000

highest PE OI

Key Resistance

58,000

highest CE OI

In-the-money (ITM) At-the-money (ATM)

Calls (CE)				Strike	Puts (PE)
OI (Contracts)	Chg OI	IV	LTP (₹)	Strike Price	LTP (₹)	IV	Chg OI	OI (Contracts)
631	-67	—	10,722.30	46,000	0.50	61.70	+115	4,716
46	+0	42.99	11,654.00	46,500	0.55	59.16	+39	555
109	+0	101.90	9,830.00	47,000	0.60	56.59	+36	2,329
0	+0	—	0.00	47,500	1.20	56.79	+35	454
0	+0	—	0.00	47,600	2.15	59.21	+10	30
0	+0	—	0.00	47,700	2.40	59.18	+9	22
0	+0	—	0.00	47,800	2.10	54.97	+0	8
0	+0	—	0.00	47,900	1.90	56.61	-3	13
101	-10	104.30	8,900.00	48,000	1.85	55.84	+19	1,966
0	+0	—	0.00	48,100	2.30	53.50	+0	12
0	+0	—	0.00	48,200	1.65	53.99	-2	191
0	+0	—	0.00	48,300	1.90	51.26	+0	44
0	+0	—	0.00	48,400	1.25	51.44	+26	48
0	+0	—	0.00	48,500	1.25	50.83	-25	374
0	+0	—	0.00	48,600	2.30	53.13	+2	17
0	+0	—	0.00	48,700	1.75	51.14	+0	12
0	+0	—	0.00	48,800	2.45	49.29	+0	28
0	+0	—	0.00	48,900	1.20	48.21	+1	29
13	-5	86.18	7,850.30	49,000	1.35	48.10	+42	1,907
0	+0	—	0.00	49,100	1.50	47.95	+1	15
0	+0	—	0.00	49,200	2.10	48.86	-1	18
0	+0	—	0.00	49,300	3.15	45.51	+0	14
0	+0	—	0.00	49,400	2.10	47.59	+1	34
11	-51	75.77	7,320.00	49,500	2.15	47.07	-2	350
0	+0	—	0.00	49,600	1.90	45.88	+5	46
0	+0	—	0.00	49,700	1.50	44.26	+1	20
0	+0	—	0.00	49,800	1.90	44.63	+16	103
0	+0	—	0.00	49,900	2.05	44.34	+1	16
1,584	-390	76.96	6,854.35	50,000	2.30	44.21	+2,338	14,074
0	+0	—	0.00	50,100	1.25	41.12	-14	80
1	+0	34.66	8,050.00	50,200	1.90	42.14	-1	108
0	+0	—	0.00	50,300	3.25	43.85	+7	64
0	+0	—	0.00	50,400	1.45	39.86	+6	57
13	+0	109.80	6,300.00	50,500	1.70	39.85	-68	1,493
0	+0	—	0.00	50,600	2.10	40.06	+0	75
0	+0	—	0.00	50,700	3.00	40.90	+2	94
0	+0	—	0.00	50,800	3.00	40.26	+2	103
0	+0	—	0.00	50,900	2.70	39.18	+0	248
146	-10	66.46	5,850.00	51,000	2.20	37.74	+1,727	6,694
0	+0	—	0.00	51,100	2.50	37.60	+19	118
0	+0	—	0.00	51,200	2.70	37.27	+15	274
0	+0	—	0.00	51,300	2.75	36.70	+22	81
0	+0	—	0.00	51,400	3.05	36.47	+42	123
12	+0	91.35	5,224.00	51,500	1.90	34.10	-1	2,582
0	+0	—	0.00	51,600	2.20	33.99	-17	84
0	+0	—	0.00	51,700	2.50	33.81	+5	73
0	+0	—	0.00	51,800	2.55	33.25	+43	147
0	+0	—	0.00	51,900	3.50	33.77	+30	184
480	-272	55.57	4,842.00	52,000	2.25	31.57	+96	8,784
0	+0	—	0.00	52,100	2.10	30.72	+4	108
0	+0	—	0.00	52,200	2.30	30.39	+130	222
0	+0	—	0.00	52,300	2.85	30.46	+10	144
0	+0	—	0.00	52,400	2.05	28.79	+19	89
59	-1	—	4,050.00	52,500	2.85	29.19	+924	5,576
3	+0	12.42	3,327.90	52,600	2.55	28.20	+12	132
6	+0	—	5,217.50	52,700	2.55	27.57	-148	177
13	+0	—	5,130.20	52,800	2.50	26.88	+11	192
5	+0	—	4,504.15	52,900	2.50	26.25	+155	429
1,691	-113	44.77	3,833.75	53,000	2.75	25.90	+3,940	21,937
7	+0	60.50	4,112.25	53,100	2.55	25.05	-6	283
11	+0	36.21	4,698.00	53,200	2.65	24.52	+116	672
16	-1	—	3,200.00	53,300	2.75	23.99	-353	488
15	+0	—	4,659.15	53,400	2.85	23.45	+298	591
315	-17	32.22	3,282.00	53,500	3.20	23.12	+1,836	9,662
20	+0	—	3,983.50	53,600	3.45	22.67	+410	971
15	+0	—	3,758.30	53,700	3.90	22.35	+1,985	2,644
19	+0	56.30	2,853.00	53,800	3.95	21.73	+36	885
43	+0	60.19	2,847.40	53,900	4.25	21.26	-107	810
1,252	-221	35.96	2,843.05	54,000	5.10	21.09	+4,487	18,757
26	+0	32.68	2,722.10	54,100	6.00	20.86	+822	1,581
26	+0	56.00	2,550.00	54,200	6.00	20.16	+1,300	2,939
15	+0	32.11	2,535.00	54,300	6.90	19.86	-49	1,258
25	+0	—	3,226.70	54,400	7.80	19.49	+390	1,784
725	+269	29.69	2,331.00	54,500	8.55	19.04	+2,807	15,653
45	+0	36.98	2,495.00	54,600	9.40	18.58	+28	1,701
34	+0	—	1,584.20	54,700	10.25	18.08	+713	3,149
20	-1	—	1,640.00	54,800	12.30	17.87	-1,089	3,333
15	+2	—	1,410.00	54,900	13.85	17.45	+243	3,022
2,947	+64	26.24	1,850.10	55,000	14.35	16.77	+5,549	29,901
89	-2	21.06	1,705.00	55,100	17.80	16.64	-67	4,090
93	+17	25.42	1,667.80	55,200	20.65	16.29	+512	3,714
148	+28	25.83	1,589.85	55,300	24.35	15.99	+3,121	6,224
130	+42	23.80	1,477.10	55,400	28.20	15.62	+501	4,238
1,428	+237	21.68	1,363.20	55,500	34.40	15.44	+668	28,582
125	+39	20.94	1,269.50	55,600	40.20	15.09	+954	4,322
239	+144	20.98	1,189.00	55,700	48.00	14.83	+281	4,511
679	+507	20.64	1,104.20	55,800	58.50	14.66	-867	11,119
1,554	+1,423	19.25	1,002.55	55,900	73.05	14.64	+1,443	5,196
8,280	+3,388	18.43	911.40	56,000	84.00	14.21	+2,662	33,535
2,704	+2,328	18.17	832.70	56,100	99.00	13.91	+5,011	9,547
2,854	+2,111	17.64	750.80	56,200	119.15	13.74	+6,672	13,200
2,859	+1,802	16.91	666.95	56,300	140.00	13.44	+4,305	9,906
2,491	-117	17.12	606.25	56,400	166.00	13.22	+3,463	9,592
16,224	+4,425	16.82	538.00	56,500	199.25	13.14	+4,158	24,107
4,270	-1,305	15.97	460.50	56,600	230.00	12.75	+2,378	7,992
15,902	+8,963	16.21	411.95	56,700	270.00	12.55	+10,892	17,618
17,566	+7,639	15.73	350.80	56,800	317.90	12.46	+8,094	13,348
8,307	-876	15.55	301.00	56,900	357.55	11.79	+431	5,283
33,832	-5,294	15.50	258.50	57,000	422.00	11.94	-1,219	21,936
6,232	-171	15.12	213.00	57,100	475.00	11.32	-401	1,996
9,201	-74	14.98	177.20	57,200	539.00	10.89	-390	2,220
9,405	-1,626	15.15	151.95	57,300	612.00	10.60	-2,515	2,609
9,327	-559	14.81	120.35	57,400	684.00	9.82	-208	3,186
33,885	+2,018	15.08	103.60	57,500	761.00	8.66	-1,730	10,644
8,746	-1,775	15.15	85.95	57,600	845.55	6.53	-1,598	2,699
10,493	-874	15.24	71.20	57,700	932.00	—	-518	3,716
12,227	-1,730	15.34	58.80	57,800	1,019.95	—	-530	4,550
11,452	-1,463	15.55	49.55	57,900	1,102.40	—	-1,376	4,183
62,687	-5,792	15.63	40.45	58,000	1,198.20	—	-2,525	26,834
12,137	-2,204	15.91	34.60	58,100	1,303.90	—	-543	3,270
12,536	-1,610	16.02	28.35	58,200	1,392.60	—	-349	4,193
10,106	-577	16.20	23.60	58,300	1,470.00	—	-244	3,239
11,765	+1,563	16.45	20.00	58,400	1,570.25	—	-169	3,630
40,211	-2,111	16.62	16.60	58,500	1,684.00	—	-1,924	10,105
12,302	-909	17.00	14.75	58,600	1,737.05	—	-54	1,944
7,994	-159	17.35	13.00	58,700	1,860.15	—	-176	1,371
6,189	+703	17.64	11.30	58,800	1,963.85	—	-85	725
5,060	+330	17.81	9.40	58,900	2,063.15	—	-12	1,209
53,649	-11,677	18.41	9.15	59,000	2,176.05	—	-10,665	18,246
3,779	-496	18.52	7.50	59,100	2,337.00	—	-8	413
4,161	-235	19.04	7.15	59,200	2,369.40	—	-6	263
7,568	+4,252	19.29	6.20	59,300	2,500.00	—	-3	269
2,129	+141	19.67	5.65	59,400	2,278.60	—	+0	169
25,723	+2,924	19.91	4.90	59,500	2,666.40	—	-16	871
2,427	-874	20.71	5.25	59,600	2,903.10	—	+0	106
1,849	+38	20.18	3.40	59,700	2,915.30	—	-1	92
2,504	-462	21.41	4.35	59,800	3,075.15	—	+0	76
2,426	+469	21.27	3.30	59,900	3,213.70	—	+0	41
52,396	-17,151	22.22	3.80	60,000	3,161.15	—	-783	17,273
1,470	-241	22.53	3.45	60,100	3,048.50	—	+0	24
1,925	+118	23.15	3.50	60,200	1,825.00	—	+0	11
1,458	-852	23.47	3.20	60,300	1,960.40	14.03	+0	4
1,241	+8	23.99	3.15	60,400	2,350.00	—	+0	5
16,619	+1,384	24.17	2.75	60,500	3,662.90	—	-220	530
775	-249	24.46	2.50	60,600	2,670.05	—	+0	5
1,105	-89	25.01	2.50	60,700	2,361.30	16.01	+0	2
523	-41	25.72	2.65	60,800	3,056.75	34.04	+0	15
613	+18	25.98	2.40	60,900	2,610.00	16.03	+0	2
17,012	-6,661	26.27	2.20	61,000	4,133.65	—	-213	1,483
700	-10	26.73	2.15	61,100	4,425.00	—	+0	5
1,050	-92	27.64	2.45	61,200	4,350.00	—	-1	3
438	-16	27.98	2.30	61,300	3,160.00	—	+0	3
925	-11	28.24	2.10	61,400	3,902.10	18.35	+0	8
5,413	-1,745	27.89	1.55	61,500	5,227.50	82.74	-12	589
751	+131	28.82	1.80	61,600	0.00	—	+0	0
266	-13	29.16	1.70	61,700	0.00	—	+0	0
984	-94	29.49	1.60	61,800	0.00	—	+0	0
532	+18	29.71	1.45	61,900	0.00	—	+0	0
17,206	-604	29.30	1.05	62,000	5,161.60	—	-113	2,239
263	+20	30.80	1.50	62,100	4,169.70	16.39	+0	1
322	+47	30.98	1.35	62,200	5,521.70	55.31	-6	20
832	+3	31.36	1.30	62,300	0.00	—	+0	0
282	+51	32.07	1.40	62,400	0.00	—	+0	0
4,909	-98	32.77	1.50	62,500	5,950.00	—	+0	34
214	-3	33.66	1.70	62,600	0.00	—	+0	0
96	+16	34.16	1.70	62,700	0.00	—	+0	0
180	+48	34.23	1.50	62,800	0.00	—	+0	0
135	+0	34.93	1.60	62,900	0.00	—	+0	0
9,223	-2,603	34.34	1.15	63,000	6,165.30	—	-491	1,822
170	-15	34.68	1.10	63,100	0.00	—	+0	0
104	+18	36.27	1.55	63,200	0.00	—	+0	0
84	-4	37.66	2.00	63,300	0.00	—	+0	0
136	+11	36.63	1.30	63,400	0.00	—	+0	0
2,442	-123	36.54	1.10	63,500	6,693.75	—	+0	136
154	+1	37.83	1.40	63,600	0.00	—	+0	0
922	-45	38.17	1.35	63,700	0.00	—	+0	0
147	-20	39.25	1.60	63,800	0.00	—	+0	0
19	+7	39.10	1.35	63,900	0.00	—	+0	0
3,084	-428	38.53	1.00	64,000	7,200.00	—	-8	65
27	+0	40.42	1.50	64,100	0.00	—	+0	0
527	+19	41.13	1.60	64,200	0.00	—	+0	0
1,090	+49	40.79	1.00	64,500	8,100.00	102.07	-1	3
9,224	+113	43.20	1.05	65,000	8,172.00	—	-339	1,767
2,836	-238	43.90	0.70	65,500	8,700.00	—	-50	138
2,891	+46	45.75	0.65	66,000	7,800.00	—	+0	1

Option Chain Guide

• ITM (In-the-money) columns are highlighted in gold.
• The horizontal red and green bars behind the Open Interest (OI) numbers show the volume weight of the contract, helping you easily identify support (green) and resistance (red) levels.
• The row with the gold highlight represents the current ATM (At-the-money) strike price nearest to the spot index.

Learn More

Understanding the Bank Nifty Option Chain

A comprehensive guide to analyzing derivatives data for the banking sector.

What is the Bank Nifty Option Chain?

The Bank Nifty option chain is a tabular representation of all available options contracts (Calls and Puts) for the NIFTY BANK index. It is one of the most actively traded derivative instruments in the world. The chain displays critical data points like strike prices, premiums (LTP), implied volatility (IV), and Open Interest (OI). Traders rely on this data to gauge market sentiment specifically for the Indian banking sector and to identify key support and resistance levels.

Key Indicators for Bank Nifty

Due to the high beta (volatility) of the banking sector, analyzing the Bank Nifty option chain requires close attention to rapid shifts in these metrics:

Open Interest (OI): The total number of outstanding contracts. High OI at a specific strike price indicates strong conviction among traders.
Support and Resistance: The strike with the highest Call OI acts as a strong resistance (hurdle for up-moves), while the highest Put OI acts as a strong support (cushion for down-moves).
Put/Call Ratio (PCR): Calculated by dividing total Put OI by total Call OI. A PCR above 1 suggests a bullish bias, while a PCR below 1 indicates bearishness. For Bank Nifty, PCR can change violently during RBI policy announcements or major bank earnings.
Max Pain: The strike price at which option buyers lose the most money and sellers maximize profits. The index often expires near this level.
Implied Volatility (IV): Given Bank Nifty's inherent volatility, tracking IV is crucial. Spikes in IV suggest anticipated large moves, making option premiums expensive, whereas low IV suggests consolidation.

Trading Bank Nifty Options

Traders often look for anomalies in the option chain. For instance, if Bank Nifty is rallying but Call writers (sellers) are not unwinding their positions at resistance, it may indicate a "fake breakout" or a trap. Conversely, rapid "short covering" (Call OI dropping fast) often fuels massive, 500+ point intraday rallies in the Bank Nifty index.

Frequently asked questions

How often is the Bank Nifty Option Chain updated?+

The data is refreshed automatically every few minutes during market hours directly from the NSE feed.

What does an increasing OI with rising price signify?+

This generally implies 'Long Buildup' in the market, suggesting a strong bullish trend.

Why is Max Pain important?+

Institutional option writers try to keep the expiry price near the Max Pain strike to minimize their payout to option buyers.

How is PCR calculated?+

Put Call Ratio is calculated by dividing the total Open Interest of Puts by the total Open Interest of Calls.