NIFTY
Nifty
Max pain for NIFTY
28 Sep 2025 10:07 PM IST
Max Pain for NIFTY is 24900
Strike 23100 has a total call value of 0 versus a total put value of 284,172,000,000 Combined total value = 284,172,000,000
Strike 23150 has a total call value of 0 versus a total put value of 274,669,500,000 Combined total value = 274,669,500,000
Strike 23200 has a total call value of 0 versus a total put value of 265,183,875,000 Combined total value = 265,183,875,000
Strike 23250 has a total call value of 0 versus a total put value of 255,698,250,000 Combined total value = 255,698,250,000
Strike 23300 has a total call value of 0 versus a total put value of 246,212,625,000 Combined total value = 246,212,625,000
Strike 23350 has a total call value of 0 versus a total put value of 236,758,125,000 Combined total value = 236,758,125,000
Strike 23400 has a total call value of 0 versus a total put value of 227,304,375,000 Combined total value = 227,304,375,000
Strike 23450 has a total call value of 0 versus a total put value of 217,864,125,000 Combined total value = 217,864,125,000
Strike 23500 has a total call value of 0 versus a total put value of 208,425,375,000 Combined total value = 208,425,375,000
Strike 23550 has a total call value of 0 versus a total put value of 199,585,875,000 Combined total value = 199,585,875,000
Strike 23600 has a total call value of 0 versus a total put value of 190,746,375,000 Combined total value = 190,746,375,000
Strike 23650 has a total call value of 0 versus a total put value of 182,036,250,000 Combined total value = 182,036,250,000
Strike 23700 has a total call value of 0 versus a total put value of 173,334,750,000 Combined total value = 173,334,750,000
Strike 23750 has a total call value of 0 versus a total put value of 164,716,875,000 Combined total value = 164,716,875,000
Strike 23800 has a total call value of 0 versus a total put value of 156,099,000,000 Combined total value = 156,099,000,000
Strike 23850 has a total call value of 0 versus a total put value of 147,842,625,000 Combined total value = 147,842,625,000
Strike 23900 has a total call value of 0 versus a total put value of 139,586,250,000 Combined total value = 139,586,250,000
Strike 23950 has a total call value of 0 versus a total put value of 131,329,875,000 Combined total value = 131,329,875,000
Strike 24000 has a total call value of 0 versus a total put value of 123,073,500,000 Combined total value = 123,073,500,000
Strike 24050 has a total call value of 2,625,000 versus a total put value of 115,451,625,000 Combined total value = 115,454,250,000
Strike 24100 has a total call value of 5,250,000 versus a total put value of 107,847,750,000 Combined total value = 107,853,000,000
Strike 24150 has a total call value of 7,875,000 versus a total put value of 100,563,000,000 Combined total value = 100,570,875,000
Strike 24200 has a total call value of 10,500,000 versus a total put value of 93,278,250,000 Combined total value = 93,288,750,000
Strike 24250 has a total call value of 17,250,000 versus a total put value of 86,443,875,000 Combined total value = 86,461,125,000
Strike 24300 has a total call value of 24,000,000 versus a total put value of 79,684,125,000 Combined total value = 79,708,125,000
Strike 24350 has a total call value of 31,500,000 versus a total put value of 73,194,000,000 Combined total value = 73,225,500,000
Strike 24400 has a total call value of 42,000,000 versus a total put value of 66,825,375,000 Combined total value = 66,867,375,000
Strike 24450 has a total call value of 81,750,000 versus a total put value of 60,598,875,000 Combined total value = 60,680,625,000
Strike 24500 has a total call value of 130,875,000 versus a total put value of 54,372,375,000 Combined total value = 54,503,250,000
Strike 24550 has a total call value of 864,375,000 versus a total put value of 48,981,375,000 Combined total value = 49,845,750,000
Strike 24600 has a total call value of 1,620,750,000 versus a total put value of 43,610,250,000 Combined total value = 45,231,000,000
Strike 24650 has a total call value of 2,548,500,000 versus a total put value of 38,865,750,000 Combined total value = 41,414,250,000
Strike 24700 has a total call value of 3,562,500,000 versus a total put value of 34,161,000,000 Combined total value = 37,723,500,000
Strike 24750 has a total call value of 5,063,250,000 versus a total put value of 29,769,375,000 Combined total value = 34,832,625,000
Strike 24800 has a total call value of 6,699,375,000 versus a total put value of 25,524,375,000 Combined total value = 32,223,750,000
Strike 24850 has a total call value of 9,043,125,000 versus a total put value of 22,030,875,000 Combined total value = 31,074,000,000
Strike 24900 has a total call value of 11,497,125,000 versus a total put value of 18,597,000,000 Combined total value = 30,094,125,000
Strike 24950 has a total call value of 14,529,750,000 versus a total put value of 15,618,375,000 Combined total value = 30,148,125,000
Strike 25000 has a total call value of 17,647,500,000 versus a total put value of 12,683,250,000 Combined total value = 30,330,750,000
Strike 25050 has a total call value of 22,280,250,000 versus a total put value of 10,601,250,000 Combined total value = 32,881,500,000
Strike 25100 has a total call value of 27,043,500,000 versus a total put value of 8,557,875,000 Combined total value = 35,601,375,000
Strike 25150 has a total call value of 32,833,500,000 versus a total put value of 6,965,250,000 Combined total value = 39,798,750,000
Strike 25200 has a total call value of 38,766,000,000 versus a total put value of 5,432,625,000 Combined total value = 44,198,625,000
Strike 25250 has a total call value of 45,805,125,000 versus a total put value of 4,345,125,000 Combined total value = 50,150,250,000
Strike 25300 has a total call value of 53,013,375,000 versus a total put value of 3,284,625,000 Combined total value = 56,298,000,000
Strike 25350 has a total call value of 61,441,125,000 versus a total put value of 2,816,625,000 Combined total value = 64,257,750,000
Strike 25400 has a total call value of 69,993,000,000 versus a total put value of 2,371,125,000 Combined total value = 72,364,125,000
Strike 25450 has a total call value of 79,173,000,000 versus a total put value of 2,048,250,000 Combined total value = 81,221,250,000
Strike 25500 has a total call value of 88,425,000,000 versus a total put value of 1,744,500,000 Combined total value = 90,169,500,000
Strike 25550 has a total call value of 99,670,125,000 versus a total put value of 1,567,875,000 Combined total value = 101,238,000,000
Strike 25600 has a total call value of 110,986,125,000 versus a total put value of 1,396,125,000 Combined total value = 112,382,250,000
Strike 25650 has a total call value of 122,680,875,000 versus a total put value of 1,227,375,000 Combined total value = 123,908,250,000
Strike 25700 has a total call value of 134,375,625,000 versus a total put value of 1,058,625,000 Combined total value = 135,434,250,000
Strike 25750 has a total call value of 146,552,250,000 versus a total put value of 889,875,000 Combined total value = 147,442,125,000
Strike 25800 has a total call value of 158,764,875,000 versus a total put value of 721,500,000 Combined total value = 159,486,375,000
Strike 25850 has a total call value of 171,640,875,000 versus a total put value of 568,875,000 Combined total value = 172,209,750,000
Strike 25900 has a total call value of 184,554,000,000 versus a total put value of 416,250,000 Combined total value = 184,970,250,000
Strike 25950 has a total call value of 197,661,375,000 versus a total put value of 263,625,000 Combined total value = 197,925,000,000
Strike 26000 has a total call value of 210,801,000,000 versus a total put value of 111,000,000 Combined total value = 210,912,000,000
Strike 26050 has a total call value of 225,054,000,000 versus a total put value of 105,750,000 Combined total value = 225,159,750,000
Strike 26100 has a total call value of 239,323,500,000 versus a total put value of 100,500,000 Combined total value = 239,424,000,000
Strike 26150 has a total call value of 253,593,000,000 versus a total put value of 95,250,000 Combined total value = 253,688,250,000
Strike 26200 has a total call value of 267,862,500,000 versus a total put value of 90,000,000 Combined total value = 267,952,500,000
Strike 26250 has a total call value of 282,585,750,000 versus a total put value of 84,750,000 Combined total value = 282,670,500,000
Strike 26300 has a total call value of 297,309,000,000 versus a total put value of 79,500,000 Combined total value = 297,388,500,000
Strike 26350 has a total call value of 312,039,375,000 versus a total put value of 74,250,000 Combined total value = 312,113,625,000
Strike 26400 has a total call value of 326,769,750,000 versus a total put value of 69,000,000 Combined total value = 326,838,750,000
Strike 26450 has a total call value of 341,500,125,000 versus a total put value of 63,750,000 Combined total value = 341,563,875,000
Strike 26500 has a total call value of 356,356,875,000 versus a total put value of 58,500,000 Combined total value = 356,415,375,000
Strike 26550 has a total call value of 371,493,000,000 versus a total put value of 53,625,000 Combined total value = 371,546,625,000
Strike 26600 has a total call value of 386,629,125,000 versus a total put value of 48,750,000 Combined total value = 386,677,875,000
Strike 26650 has a total call value of 401,823,000,000 versus a total put value of 43,875,000 Combined total value = 401,866,875,000
Strike 26700 has a total call value of 417,016,875,000 versus a total put value of 39,000,000 Combined total value = 417,055,875,000
Strike 26750 has a total call value of 432,317,250,000 versus a total put value of 34,125,000 Combined total value = 432,351,375,000
Strike 26800 has a total call value of 447,617,625,000 versus a total put value of 29,250,000 Combined total value = 447,646,875,000
Strike 26850 has a total call value of 462,918,000,000 versus a total put value of 24,375,000 Combined total value = 462,942,375,000
Strike 26900 has a total call value of 478,237,875,000 versus a total put value of 19,500,000 Combined total value = 478,257,375,000
Strike 26950 has a total call value of 493,574,250,000 versus a total put value of 14,625,000 Combined total value = 493,588,875,000
Strike 27000 has a total call value of 508,920,375,000 versus a total put value of 9,750,000 Combined total value = 508,930,125,000
Strike 27050 has a total call value of 524,410,875,000 versus a total put value of 4,875,000 Combined total value = 524,415,750,000
Strike 27100 has a total call value of 539,901,375,000 versus a total put value of 0 Combined total value = 539,901,375,000
Strike 27150 has a total call value of 555,394,125,000 versus a total put value of 0 Combined total value = 555,394,125,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
360ONE | 1069.4 | 1100 |
ABB | 5219.5 | 5400 |
ABCAPITAL | 303.5 | 285 |
ADANIENSOL | 919 | 900 |
ADANIENT | 2542.2 | 2600 |
ADANIGREEN | 1060.7 | 1100 |
ADANIPORTS | 1399.5 | 1440 |
ALKEM | 5492 | 5500 |
AMBER | 8417.5 | 8400 |
AMBUJACEM | 569.95 | 600 |
ANGELONE | 2250.5 | 2200 |
APLAPOLLO | 1736.3 | 1700 |
APOLLOHOSP | 7700 | 7650 |
ASHOKLEY | 139.83 | 140 |
ASIANPAINT | 2352.8 | 2420 |
ASTRAL | 1419.4 | 1460 |
AUBANK | 764 | 740 |
AUROPHARMA | 1090.1 | 1100 |
AXISBANK | 1186.8 | 1140 |
BAJAJ-AUTO | 8904 | 9000 |
BAJAJFINSV | 2032.6 | 2020 |
BAJFINANCE | 1016.55 | 1000 |
BANDHANBNK | 164.47 | 162.5 |
BANKBARODA | 261.85 | 250 |
BANKINDIA | 126.24 | 120 |
BDL | 1529.6 | 1600 |
BEL | 410.3 | 400 |
BHARATFORG | 1216.8 | 1220 |
BHARTIARTL | 1929 | 1920 |
BHEL | 244.86 | 240 |
BIOCON | 347.8 | 360 |
BLUESTARCO | 1912.2 | 1940 |
BOSCHLTD | 38770 | 39000 |
BPCL | 341.9 | 330 |
BRITANNIA | 5887 | 6000 |
BSE | 2231.2 | 2150 |
CAMS | 3800.6 | 4000 |
CANBK | 128.06 | 120 |
CDSL | 1562.8 | 1540 |
CGPOWER | 748 | 760 |
CHOLAFIN | 1631.6 | 1580 |
CIPLA | 1513.3 | 1520 |
COALINDIA | 384.7 | 400 |
COFORGE | 1686.5 | 1640 |
COLPAL | 2231.4 | 2340 |
CONCOR | 532.45 | 550 |
CROMPTON | 287.5 | 305 |
CUMMINSIND | 3967.4 | 4000 |
CYIENT | 1178.9 | 1200 |
DABUR | 492.25 | 510 |
DALBHARAT | 2243.3 | 2320 |
DELHIVERY | 468.95 | 460 |
DIVISLAB | 6104.5 | 6000 |
DIXON | 17232 | 18000 |
DLF | 737.15 | 740 |
DMART | 4303 | 4600 |
DRREDDY | 1248.5 | 1300 |
EICHERMOT | 6957 | 7000 |
ETERNAL | 337.85 | 320 |
EXIDEIND | 402.85 | 400 |
FEDERALBNK | 199.17 | 200 |
FORTIS | 1041.8 | 930 |
GAIL | 179.9 | 180 |
GLENMARK | 1962.6 | 2000 |
GMRAIRPORT | 88.39 | 90 |
GODREJCP | 1152.8 | 1200 |
GODREJPROP | 2073.3 | 2000 |
GRASIM | 2808 | 2800 |
HAL | 4837.6 | 4800 |
HAVELLS | 1502.3 | 1560 |
HCLTECH | 1433.4 | 1440 |
HDFCAMC | 5556.5 | 5800 |
HDFCBANK | 982.5 | 960 |
HDFCLIFE | 755.6 | 770 |
HEROMOTOCO | 5615 | 5350 |
HFCL | 74.46 | 75 |
HINDALCO | 767.8 | 750 |
HINDPETRO | 454.25 | 420 |
HINDUNILVR | 2517.2 | 2600 |
HINDZINC | 489.9 | 460 |
HUDCO | 231.43 | 230 |
ICICIBANK | 1375.9 | 1400 |
ICICIGI | 1906 | 1900 |
ICICIPRULI | 603.5 | 600 |
IDEA | 9.18 | 8 |
IDFCFIRSTB | 71.99 | 71 |
IEX | 141.58 | 145 |
IGL | 220.12 | 210 |
IIFL | 475.5 | 450 |
INDHOTEL | 733.25 | 750 |
INDIANB | 757.7 | 710 |
INDIGO | 5664 | 5800 |
INDUSINDBK | 749 | 750 |
INDUSTOWER | 357.9 | 360 |
INFY | 1458.5 | 1500 |
INOXWIND | 139.38 | 145 |
IOC | 154.37 | 147.5 |
IRCTC | 716.9 | 730 |
IREDA | 152.44 | 155 |
IRFC | 127.08 | 130 |
ITC | 399.8 | 410 |
JINDALSTEL | 1033.7 | 1050 |
JIOFIN | 309.9 | 315 |
JSWENERGY | 548.05 | 530 |
JSWSTEEL | 1156.8 | 1120 |
JUBLFOOD | 613.9 | 630 |
KALYANKJIL | 487.7 | 480 |
KAYNES | 7593 | 7000 |
KEI | 4201.5 | 4150 |
KFINTECH | 1049.8 | 1100 |
KOTAKBANK | 2126.9 | 2040 |
KPITTECH | 1170.5 | 1260 |
LAURUSLABS | 863.4 | 880 |
LICHSGFIN | 566.65 | 590 |
LICI | 912.35 | 900 |
LODHA | 1145 | 1200 |
LT | 3729.7 | 3700 |
LTF | 259.28 | 240 |
LTIM | 5269 | 5200 |
LUPIN | 1924.8 | 2000 |
M&M | 3492.8 | 3500 |
MANAPPURAM | 290.95 | 280 |
MANKIND | 2480.7 | 2600 |
MARICO | 714.95 | 710 |
MARUTI | 16108 | 16000 |
MAXHEALTH | 1130.7 | 1160 |
MAZDOCK | 2877.7 | 3000 |
MCX | 8209 | 8000 |
MFSL | 1587.1 | 1600 |
MOTHERSON | 104.12 | 107.5 |
MPHASIS | 2817.7 | 2800 |
MUTHOOTFIN | 3242.6 | 3000 |
NATIONALUM | 217.07 | 210 |
NAUKRI | 1383.6 | 1400 |
NBCC | 112.62 | 110 |
NCC | 211.1 | 210 |
NESTLEIND | 1176.8 | 1190 |
NHPC | 86.46 | 85 |
NMDC | 76.09 | 78 |
NTPC | 338 | 345 |
NUVAMA | 6959.5 | 6200 |
NYKAA | 262.4 | 240 |
OBEROIRLTY | 1636.6 | 1640 |
OFSS | 9332.5 | 9000 |
OIL | 422.45 | 420 |
ONGC | 245.32 | 240 |
PAGEIND | 41695 | 43000 |
PATANJALI | 597.25 | 600 |
PAYTM | 1237.6 | 1180 |
PERSISTENT | 5271.2 | 5200 |
PETRONET | 287.55 | 280 |
PFC | 408.8 | 410 |
PGEL | 521.25 | 540 |
PHOENIXLTD | 1611.8 | 1600 |
PIDILITIND | 1470.9 | 1500 |
PIIND | 3582.8 | 3600 |
PNB | 114.17 | 110 |
PNBHOUSING | 890 | 860 |
POLICYBZR | 1765 | 1700 |
POLYCAB | 7595.5 | 7400 |
POWERGRID | 289 | 290 |
PPLPHARMA | 195.56 | 200 |
PRESTIGE | 1530.6 | 1560 |
RBLBANK | 273.55 | 270 |
RECLTD | 377.75 | 380 |
RELIANCE | 1384.8 | 1400 |
RVNL | 354.85 | 350 |
SAIL | 132.88 | 135 |
SAMMAANCAP | 163.09 | 140 |
SBICARD | 905.15 | 880 |
SBILIFE | 1784.1 | 1800 |
SBIN | 864.7 | 860 |
SHREECEM | 29530 | 30000 |
SHRIRAMFIN | 666.8 | 630 |
SIEMENS | 3250.8 | 3200 |
SILVER | 145410 | 135000 |
SILVERM | 145875 | 137000 |
SOLARINDS | 14143 | 14250 |
SONACOMS | 414.05 | 420 |
SRF | 2964.8 | 2900 |
SUNPHARMA | 1653.1 | 1600 |
SUPREMEIND | 4226.9 | 4400 |
SUZLON | 54.01 | 57 |
SYNGENE | 632.7 | 640 |
TATACONSUM | 1120 | 1120 |
TATAELXSI | 5389.5 | 5500 |
TATAMOTORS | 698.05 | 700 |
TATAPOWER | 392.5 | 400 |
TATASTEEL | 171.43 | 170 |
TATATECH | 712.95 | 700 |
TCS | 2973.7 | 3000 |
TECHM | 1438.9 | 1500 |
TIINDIA | 3218.4 | 3200 |
TITAGARH | 927.25 | 900 |
TITAN | 3418.2 | 3400 |
TORNTPHARM | 3536.9 | 3550 |
TORNTPOWER | 1240 | 1300 |
TRENT | 4686 | 4900 |
TVSMOTOR | 3513.5 | 3400 |
ULTRACEMCO | 12184 | 12400 |
UNIONBANK | 138.54 | 140 |
UNITDSPR | 1351.8 | 1360 |
UNOMINDA | 1366.3 | 1300 |
UPL | 679.85 | 680 |
VBL | 440 | 460 |
VEDL | 471.85 | 460 |
VOLTAS | 1372.2 | 1380 |
WIPRO | 243.53 | 247.5 |
YESBANK | 22.22 | 21 |
ZYDUSLIFE | 987.9 | 1020 |
Note:
Stock LTP > Max Pain | Bearish Trend |
Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.