BANKNIFTY analysis, 23 Oct 2026
Close
54,287.35
-1.16% (-638.35)
Day range
53,942 – 54,991
5 sessions -2.73%
RSI (14)
37.7
20 EMA 55,289
Put-call ratio
0.85
previous 0.94
Max pain
55,500
expiry 27 Oct 2026
India VIX
16.86
4 days to expiry
The session in brief
BearishNext session: Weak while below 55,289; 53,942 is the next floor; a close above 55,289 eases it.
BANKNIFTY closed at 54,287.35 on 23 Oct 2026, down 1.16% (-638.35), in a 53,942.35 to 54,990.5 range. Over five sessions it is -2.73%. It closed below its 20-day EMA and 50-day SMA, RSI(14) 37.7. Options: put-call ratio 0.85 (previous session 0.94), max pain 55,500, largest call OI at 56,000, largest put OI at 52,000 for the 27 Oct 2026 expiry. Through the day call OI changed by 23.7 lakh and put OI by 7.3 lakh. India VIX 16.86. Levels the data marks for the next session: above the close 55,289 (20-day EMA), 55,500 (max pain); below it 53,942 (5-session low), 53,786 (20-session low).
Levels the data marks
Nearest references above and below the close
Above the close
- 55,28920-day EMA
- 55,500max pain
Below the close
- 53,9425-session low
- 53,78620-session low
Option positioning
27 Oct 2026 expiry, end of day
- Largest call OI (above spot)
- 56,000
- Largest put OI (below spot)
- 52,000
- Call OI change today
- +23.7 lakh
- Put OI change today
- +7.3 lakh
See the live chart, OI flow and multi-timeframe read, or get this recap on Telegram every trading evening.
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