BANKNIFTY analysis, 16 Oct 2026
Close
55,844
+0.06% (+33.5)
Day range
55,526 – 55,990
5 sessions +1.06%
RSI (14)
51.9
20 EMA 55,494
Put-call ratio
1.06
previous 1.09
Max pain
55,600
expiry 27 Oct 2026
India VIX
14.05
11 days to expiry
The session in brief
NeutralNext session: Range 55,600 to 56,000; a close outside it sets the next leg.
BANKNIFTY closed at 55,844 on 16 Oct 2026, up 0.06% (+33.5), in a 55,526.3 to 55,989.55 range. Over five sessions it is +1.06%. It closed above its 20-day EMA but below its 50-day SMA, RSI(14) 51.9. Options: put-call ratio 1.06 (previous session 1.09), max pain 55,600, largest call OI at 56,000, largest put OI at 55,000 for the 27 Oct 2026 expiry. Through the day call OI changed by 6.5 lakh and put OI by 3.7 lakh. India VIX 14.05. Levels the data marks for the next session: above the close 56,000 (largest call OI), 56,066 (5-session high); below it 55,600 (max pain), 55,494 (20-day EMA).
Levels the data marks
Nearest references above and below the close
Above the close
- 56,000largest call OI
- 56,0665-session high
Below the close
- 55,600max pain
- 55,49420-day EMA
Option positioning
27 Oct 2026 expiry, end of day
- Largest call OI (above spot)
- 56,000
- Largest put OI (below spot)
- 55,000
- Call OI change today
- +6.5 lakh
- Put OI change today
- +3.7 lakh
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