Question 1

What is the Bank Nifty option chain?

Accepted Answer

Bank Nifty option chain displays live call and put options for the NSE Nifty Bank index — covering 12 of India's largest banking stocks. Bank Nifty is the most actively traded index option in India by volume. NiftyTrader's option chain shows real-time OI, IV, PCR, and max pain for both weekly and monthly expiries.

Question 2

When does Bank Nifty options expire?

Accepted Answer

Bank Nifty monthly options expire on the last Tuesday of the contract month. Bank Nifty weekly options were discontinued by SEBI in November 2024 — only monthly Bank Nifty options now trade. Always check the live option chain for the latest contract status.

Question 3

What is the Bank Nifty lot size?

Accepted Answer

The current Bank Nifty options lot size is 30 units units. NSE periodically revises this — verify the latest figure on the option chain page or NSE circulars.

Question 4

How is Bank Nifty different from Nifty 50?

Accepted Answer

Bank Nifty tracks 12 banking sector stocks; Nifty 50 tracks 50 large-cap stocks across all sectors. Bank Nifty is typically more volatile due to sector concentration, making it popular with intraday options traders. Bank Nifty options also have a larger lot size and larger margin requirement than Nifty 50.

Question 5

What does high Bank Nifty PCR mean?

Accepted Answer

A Bank Nifty PCR significantly above 1 (e.g., > 1.3) generally suggests heavy put writing — option sellers expect the index to hold above key support, signalling bullish sentiment. PCR below 0.7 suggests heavy call writing or put buying, indicating bearishness. Read PCR alongside price action, not in isolation.

Question 6

Can I see Bank Nifty max pain on NiftyTrader?

Accepted Answer

Yes, NiftyTrader displays Bank Nifty max pain for the current weekly and monthly expiries directly on the option chain page. Max pain is updated every minute during market hours and is also available historically for Prime subscribers.

Bank Nifty Option Chain — Live NSE Data, OI & PCR