Bank Nifty gamma exposure, walls and max pain for 9 Oct 2026
Source: NSE end-of-day data, 8 Oct 2026. End of day, not live. Not investment advice.
Bank Nifty levels for the session of 9 Oct 2026, from the 8 Oct 2026 close of 54,515.05: call wall 57,000, put wall 55,000, gamma flip 54,016 (the close sat above it), max pain 55,500 for the 27 Oct 2026 expiry, put/call OI ratio 0.84, net GEX ₹798 cr per 1% move.
- Close
- 54,515.05
- 8 Oct 2026
- Call wall
- 57,000
- +4.56%
- Put wall
- 55,000
- +0.89%
- Gamma flip
- 54,016
- Max pain
- 55,500
- Tue 27 Oct 2026 expiry
- PCR (OI)
- 0.84
- nearest 0.87
- Net GEX
- ₹798 cr
- per 1% move
Sign convention on screen: Dealers long calls, short puts. Under the other reading (option writers short every option), net GEX is -₹10,943 cr per 1% move and there is no gamma flip. Why both are shown.
Gamma exposure by strike
Put GEXStrikeCall GEXNet
56,600₹38.6 cr
56,500₹208 cr
56,400₹5.7 cr
56,300₹24.5 cr
56,200₹40.6 cr
56,100₹21.7 cr
56,000₹335 cr
55,900₹40.5 cr
55,800₹63.7 cr
55,700₹61.8 cr
55,600₹48.9 cr
55,500₹129 cr
55,400₹21 cr
55,300₹32.6 cr
55,200₹25.3 cr
55,100₹5.4 cr
55,000₹47.4 cr
54,900₹29.4 cr
54,800₹27.9 cr
54,700-₹6.9 cr
54,600-₹19.1 cr
54,500-₹54.6 cr
54,400-₹19.9 cr
54,300-₹14.6 cr
54,200-₹33.7 cr
54,100-₹13.5 cr
54,000-₹261 cr
53,900-₹21.4 cr
53,800-₹34.9 cr
53,700-₹21 cr
53,600-₹23.1 cr
53,500-₹153 cr
53,400-₹25.7 cr
53,300-₹18.2 cr
53,200-₹21.9 cr
53,100-₹8.5 cr
53,000-₹202 cr
52,900-₹8.9 cr
52,800-₹26.4 cr
52,700-₹10.8 cr
52,600-₹24.2 cr
52,500-₹119 cr
52,400-₹10.5 cr
Open interest and OI change by strike
| Strike | Call OI | Put OI | Call OI chg | Put OI chg | Call GEX | Put GEX | Net GEX |
|---|---|---|---|---|---|---|---|
| 51,800 | 30 | 24,300 | 0 | -2,040 | ₹0.01 cr | -₹5.2 cr | -₹5.2 cr |
| 51,900 | 30 | 13,680 | 0 | -1,860 | ₹0.01 cr | -₹3.1 cr | -₹3.1 cr |
| 52,000 | 41,700 | 8,09,310 | +1,950 | +69,030 | ₹9.9 cr | -₹192 cr | -₹182 cr |
| 52,100 | 60 | 40,350 | 0 | +390 | ₹0.01 cr | -₹10.2 cr | -₹10.2 cr |
| 52,200 | 30 | 55,350 | 0 | +27,060 | ₹0.01 cr | -₹14.8 cr | -₹14.7 cr |
| 52,300 | 720 | 27,240 | 0 | +570 | ₹0.2 cr | -₹7.5 cr | -₹7.3 cr |
| 52,400 | 30 | 35,970 | 0 | +3,270 | ₹0.01 cr | -₹10.5 cr | -₹10.5 cr |
| 52,500 | 2,280 | 4,36,050 | +60 | -4,320 | ₹0.7 cr | -₹120 cr | -₹119 cr |
| 52,600 | 0 | 75,150 | 0 | +7,470 | ₹0 cr | -₹24.2 cr | -₹24.2 cr |
| 52,700 | 1,140 | 33,660 | 0 | +1,110 | ₹0.38 cr | -₹11.2 cr | -₹10.8 cr |
| 52,800 | 390 | 75,120 | +90 | +8,820 | ₹0.13 cr | -₹26.5 cr | -₹26.4 cr |
| 52,900 | 360 | 24,840 | +90 | -2,970 | ₹0.13 cr | -₹9.1 cr | -₹8.9 cr |
| 53,000 | 76,410 | 6,22,200 | +990 | -4,980 | ₹28.4 cr | -₹231 cr | -₹202 cr |
| 53,100 | 960 | 22,410 | +30 | -1,260 | ₹0.37 cr | -₹8.9 cr | -₹8.5 cr |
| 53,200 | 2,310 | 54,900 | +150 | -17,400 | ₹0.93 cr | -₹22.8 cr | -₹21.9 cr |
| 53,300 | 2,400 | 44,760 | -60 | +15,810 | ₹1 cr | -₹19.2 cr | -₹18.2 cr |
| 53,400 | 3,120 | 60,600 | +300 | +17,640 | ₹1.4 cr | -₹27 cr | -₹25.7 cr |
| 53,500 | 43,590 | 3,77,340 | -4,560 | -12,900 | ₹19.8 cr | -₹173 cr | -₹153 cr |
| 53,600 | 7,620 | 56,820 | 0 | +4,170 | ₹3.6 cr | -₹26.7 cr | -₹23.1 cr |
| 53,700 | 19,440 | 61,950 | -1,710 | +10,950 | ₹9.5 cr | -₹30.5 cr | -₹21 cr |
| 53,800 | 16,110 | 84,990 | +960 | +7,800 | ₹8.1 cr | -₹42.9 cr | -₹34.9 cr |
| 53,900 | 17,760 | 59,220 | +690 | -8,910 | ₹9.1 cr | -₹30.6 cr | -₹21.4 cr |
| 54,000 | 2,66,790 | 8,42,880 | +24,330 | -34,590 | ₹127 cr | -₹388 cr | -₹261 cr |
| 54,100 | 21,300 | 46,650 | +780 | -2,940 | ₹11.4 cr | -₹24.9 cr | -₹13.5 cr |
| 54,200 | 63,360 | 1,24,290 | -480 | +2,340 | ₹35.4 cr | -₹69.1 cr | -₹33.7 cr |
| 54,300 | 42,720 | 68,970 | +1,080 | -7,230 | ₹23.6 cr | -₹38.3 cr | -₹14.6 cr |
| 54,400 | 56,940 | 92,550 | +13,020 | +9,300 | ₹30.4 cr | -₹50.3 cr | -₹19.9 cr |
| 54,500 | 3,36,960 | 4,51,890 | +67,800 | -84,120 | ₹193 cr | -₹248 cr | -₹54.6 cr |
| 54,600 | 90,150 | 1,23,000 | +41,760 | +28,620 | ₹52.9 cr | -₹72 cr | -₹19.1 cr |
| 54,700 | 1,51,560 | 1,63,170 | +86,880 | +13,290 | ₹90.5 cr | -₹97.4 cr | -₹6.9 cr |
| 54,800 | 1,89,090 | 1,42,800 | +82,590 | -14,610 | ₹113 cr | -₹85.5 cr | ₹27.9 cr |
| 54,900 | 1,71,210 | 1,22,730 | +57,390 | -2,040 | ₹103 cr | -₹73.5 cr | ₹29.4 cr |
| 55,000 | 12,82,950 | 12,16,050 | +3,41,370 | +7,440 | ₹750 cr | -₹703 cr | ₹47.4 cr |
| 55,100 | 1,16,670 | 1,07,310 | -31,830 | -27,300 | ₹69.2 cr | -₹63.8 cr | ₹5.4 cr |
| 55,200 | 1,72,470 | 1,30,590 | -17,640 | -87,660 | ₹102 cr | -₹76.9 cr | ₹25.3 cr |
| 55,300 | 1,56,810 | 1,01,490 | -7,110 | -57,930 | ₹91.9 cr | -₹59.3 cr | ₹32.6 cr |
| 55,400 | 99,630 | 63,840 | +30,210 | -840 | ₹57.4 cr | -₹36.4 cr | ₹21 cr |
| 55,500 | 7,41,030 | 5,40,120 | +38,670 | -38,100 | ₹410 cr | -₹281 cr | ₹129 cr |
| 55,600 | 1,19,070 | 32,430 | +15,570 | -1,110 | ₹66.5 cr | -₹17.7 cr | ₹48.9 cr |
| 55,700 | 1,52,640 | 40,980 | +4,440 | -2,160 | ₹83.9 cr | -₹22.1 cr | ₹61.8 cr |
| 55,800 | 1,96,320 | 77,910 | +3,870 | -24,630 | ₹105 cr | -₹41.5 cr | ₹63.7 cr |
| 55,900 | 1,20,990 | 44,100 | +16,890 | -1,230 | ₹62.7 cr | -₹22.3 cr | ₹40.5 cr |
| 56,000 | 14,07,450 | 7,32,870 | +95,220 | -50,460 | ₹699 cr | -₹365 cr | ₹335 cr |
| 56,100 | 60,720 | 15,960 | +8,190 | -330 | ₹29.1 cr | -₹7.4 cr | ₹21.7 cr |
| 56,200 | 1,08,780 | 22,050 | +2,250 | -630 | ₹50.7 cr | -₹10.1 cr | ₹40.6 cr |
| 56,300 | 75,900 | 20,820 | -16,050 | -150 | ₹33.8 cr | -₹9.3 cr | ₹24.5 cr |
| 56,400 | 1,01,640 | 87,720 | -3,930 | +4,110 | ₹43.8 cr | -₹38.2 cr | ₹5.7 cr |
| 56,500 | 9,14,490 | 4,20,570 | +51,990 | -5,130 | ₹380 cr | -₹172 cr | ₹208 cr |
| 56,600 | 1,16,340 | 18,300 | +7,830 | -210 | ₹45.8 cr | -₹7.3 cr | ₹38.6 cr |
| 56,700 | 1,77,030 | 11,400 | +19,080 | -90 | ₹66.4 cr | -₹4.3 cr | ₹62.1 cr |
| 56,800 | 2,23,470 | 11,640 | +31,230 | -60 | ₹80.3 cr | -₹4.1 cr | ₹76.2 cr |
| 56,900 | 89,700 | 15,480 | +5,610 | -180 | ₹30.3 cr | -₹5.2 cr | ₹25.1 cr |
| 57,000 | 24,11,940 | 11,07,600 | +19,920 | -4,650 | ₹789 cr | -₹329 cr | ₹460 cr |
| 57,100 | 1,15,500 | 19,230 | -2,850 | -150 | ₹33.4 cr | -₹5.6 cr | ₹27.8 cr |
| 57,200 | 1,06,950 | 10,500 | -35,190 | -1,440 | ₹28.6 cr | -₹2.9 cr | ₹25.7 cr |
Bank Nifty OI analysis: biggest additions and unwinds, OI by expiry. Bank Nifty PCR: put call ratio by expiry, with history.
Strike by expiry heatmap
| Strike | Tue 27 Oct 2026 | Mon 23 Nov 2026 |
|---|---|---|
| 58,800 | ₹1.2 | |
| 58,700 | -₹0.51 | |
| 58,600 | ₹4.4 | |
| 58,500 | ₹38.2 | ₹10.4 |
| 58,400 | -₹0.17 | |
| 58,300 | ₹7.9 | |
| 58,200 | ₹11.8 | ₹1.6 |
| 58,100 | ₹8.2 | ₹2 |
| 58,000 | ₹51.9 | ₹57.2 |
| 57,900 | ₹10.1 | ₹1.7 |
| 57,800 | ₹13.6 | ₹2.9 |
| 57,700 | ₹21.4 | ₹2 |
| 57,600 | ₹16.3 | ₹2.2 |
| 57,500 | ₹81.9 | ₹11.1 |
| 57,400 | ₹14.9 | ₹2.8 |
| 57,300 | ₹16.9 | ₹2.5 |
| 57,200 | ₹22.4 | ₹3.3 |
| 57,100 | ₹21.8 | ₹6 |
| 57,000 | ₹237 | ₹223 |
| 56,900 | ₹18.6 | ₹6.5 |
| 56,800 | ₹70.7 | ₹5.5 |
| 56,700 | ₹58.8 | ₹3.4 |
| 56,600 | ₹34.9 | ₹3.6 |
| 56,500 | ₹202 | ₹6.1 |
| 56,400 | ₹3.9 | ₹1.7 |
| 56,300 | ₹22.7 | ₹1.7 |
| 56,200 | ₹37.9 | ₹2.7 |
| 56,100 | ₹20.6 | ₹1.1 |
| 56,000 | ₹304 | ₹30.6 |
| 55,900 | ₹39.8 | ₹0.66 |
| 55,800 | ₹62.5 | ₹1.3 |
| 55,700 | ₹61.3 | ₹0.48 |
| 55,600 | ₹48.2 | ₹0.68 |
| 55,500 | ₹119 | ₹10.6 |
| 55,400 | ₹21.2 | -₹0.13 |
| 55,300 | ₹32.2 | ₹0.31 |
| 55,200 | ₹25.8 | -₹0.45 |
| 55,100 | ₹4.5 | ₹0.87 |
| 55,000 | ₹62.8 | -₹15.4 |
| 54,900 | ₹29.4 | |
| 54,800 | ₹27.7 | ₹0.27 |
| 54,700 | -₹7 | ₹0.1 |
| 54,600 | -₹18.7 | -₹0.39 |
| 54,500 | -₹39.3 | -₹15.3 |
| 54,400 | -₹18.7 | -₹1.2 |
| 54,300 | -₹14.1 | -₹0.54 |
| 54,200 | -₹33.1 | -₹0.56 |
| 54,100 | -₹13.1 | -₹0.46 |
| 54,000 | -₹239 | -₹22 |
| 53,900 | -₹21.2 | -₹0.22 |
| 53,800 | -₹34.7 | -₹0.16 |
| 53,700 | -₹20.9 | -₹0.06 |
| 53,600 | -₹21.9 | -₹1.2 |
| 53,500 | -₹147 | -₹5.5 |
| 53,400 | -₹25.4 | -₹0.28 |
| 53,300 | -₹18.1 | -₹0.16 |
| 53,200 | -₹21.7 | -₹0.15 |
| 53,100 | -₹8.2 | -₹0.26 |
| 53,000 | -₹190 | -₹12.5 |
| 52,900 | -₹8.7 | -₹0.28 |
| 52,800 | -₹25.9 | -₹0.46 |
| 52,700 | -₹10 | -₹0.84 |
| 52,600 | -₹23.6 | -₹0.64 |
| 52,500 | -₹107 | -₹12.1 |
| 52,400 | -₹10.1 | -₹0.34 |
| 52,300 | -₹6.6 | -₹0.72 |
| 52,200 | -₹14.6 | -₹0.13 |
| 52,100 | -₹10.1 | -₹0.13 |
| 52,000 | -₹167 | -₹15.6 |
| 51,900 | -₹2.9 | -₹0.17 |
| 51,800 | -₹4.9 | -₹0.35 |
| 51,700 | -₹4.6 | -₹0.11 |
| 51,600 | -₹9.3 | -₹0.08 |
| 51,500 | -₹38.6 | -₹1.4 |
| 51,400 | -₹2.4 | -₹0.14 |
| 51,300 | -₹2.1 | -₹0.12 |
| 51,200 | -₹3 | -₹0.13 |
| 51,100 | -₹3.3 | -₹0.39 |
| 51,000 | -₹60.2 | -₹6.7 |
| 50,900 | -₹1.3 | -₹0.22 |
| 50,800 | -₹5.2 | |
| 50,700 | -₹1.3 | |
| 50,600 | -₹1.5 | -₹0.08 |
| 50,500 | -₹21.6 | -₹0.56 |
| 50,400 | -₹0.62 | |
| 50,300 | -₹0.37 | |
| 50,200 | -₹3 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Tue 27 Oct 2026 | 19 | 30 | 1,51,06,350 | 1,30,79,700 | 0.87 | 55,500 |
| Mon 23 Nov 2026 | 46 | 30 | 27,02,460 | 16,68,570 | 0.62 | 57,000 |
| Tue 29 Dec 2026 | 82 | 30 | 4,18,350 | 6,01,080 | 1.44 | 57,000 |
| Tue 30 Mar 2027 | 173 | 30 | 28,260 | 12,360 | 0.44 | 57,000 |
| Tue 29 Jun 2027 | 264 | 30 | 330 | 90 | 0.27 | 57,000 |
| Tue 28 Sep 2027 | 355 | 30 | 0 | 120 | n/a | no open interest yet |
Wall migration
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | 54,515.05 | 57,000 | 55,000 | 54,016 | 55,500 | 0.84 | +7,26,180 | -2,20,230 |
| 7 Oct 2026 | 55,055.55 | 57,000 | 55,000 | 54,533 | 55,900 | 0.89 | +5,99,820 | +8,69,610 |
| 6 Oct 2026 | 55,128.4 | 57,000 | 55,000 | 54,464 | 56,000 | 0.87 | -62,790 | +6,45,210 |
Method
Implied volatility from settlement prices, carry from put-call parity, risk-free rate 5.5%. 548 contracts used, 0 skipped with no solvable volatility, 0 expiring on the trade date left out. GEX is in ₹ crore per 1% move. Full method and sign convention.
Archive: 3 sessions stored since 6 Oct 2026, free, no account.