BANKNIFTY analysis, 28 Sep 2026
Close
54,471.65
-1.99% (-1,108.75)
Day range
54,438 – 55,390
5 sessions -3.54%
RSI (14)
30.2
20 EMA 56,306
Put-call ratio
0.71
previous 0.81
Max pain
56,500
expiry 29 Sep 2026
India VIX
13.58
1 days to expiry
The session in brief
BearishNext session: Weak while below 56,306; 54,438 is the next floor; a close above 56,306 eases it.
BANKNIFTY closed at 54,471.65 on 28 Sep 2026, down 1.99% (-1,108.75), in a 54,437.7 to 55,390.1 range. Over five sessions it is -3.54%. It closed below its 20-day EMA and 50-day SMA, RSI(14) 30.2. Options: put-call ratio 0.71 (previous session 0.81), max pain 56,500, largest call OI at 57,500, largest put OI at 54,000 for the 29 Sep 2026 expiry. Through the day call OI changed by 31.1 lakh and put OI by 6.1 lakh. India VIX 13.58. Levels the data marks for the next session: above the close 56,306 (20-day EMA), 56,500 (max pain); below it 54,438 (5-session low), 54,000 (largest put OI).
Levels the data marks
Nearest references above and below the close
Above the close
- 56,30620-day EMA
- 56,500max pain
Below the close
- 54,4385-session low
- 54,000largest put OI
Option positioning
29 Sep 2026 expiry, end of day
- Largest call OI (above spot)
- 57,500
- Largest put OI (below spot)
- 54,000
- Call OI change today
- +31.1 lakh
- Put OI change today
- +6.1 lakh
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Levels are reference points drawn from price and open interest data; they describe the data, not what to do. IndexGPT provides market analysis only. It is not investment advice. Terms