Nifty and Bank Nifty Option Chain Analysis (26 August 2026): PCR 0.73, Max Pain 24,300

Option chain snapshot — 26 August 2026

Derivative positioning as of 07:54 pm IST, read from the live option chain for the nearest expiry.

Nifty option chain positioning

Nifty is at 24,207.75 with the at-the-money strike at 24,200. The put-call ratio of 0.73 shows heavier call writing, which usually reflects a cautious bias. The highest call open interest sits at 24,500, acting as near-term resistance, and the highest put open interest at 24,200, acting as near-term support. Max pain — the strike where option writers lose least at expiry — is 24,300.

Bank Nifty option chain positioning

Bank Nifty is at 57,783.75 with the at-the-money strike at 57,800. The put-call ratio of 1.14 is close to neutral. The highest call open interest sits at 57,500, acting as near-term resistance, and the highest put open interest at 57,500, acting as near-term support. Max pain — the strike where option writers lose least at expiry — is 57,800.

How to read these numbers

Open interest concentration marks the strikes where writers have taken the most risk, so those levels often behave as support and resistance until positions unwind. A PCR above roughly 1.2 with rising spot typically means put writers are confident; below 0.8 it means call writers are. Max pain is a positioning statistic, not a forecast — it shifts as open interest builds through the expiry week, so re-check it daily rather than trading it as a target.

Related live pages

• Nifty option chain
• Bank Nifty option chain
• Nifty today
• Bank Nifty today

Sources

• NSE India F&O option chain data delivered through our exchange data feed
• TrendRipperX option chain pages

“This report is generated automatically from live exchange and official association data at the time stamped above. Prices move continuously — verify on the source before acting. Nothing here is investment advice.”