NIFTY

The current max pain price for NIFTY is —, which is NaN% from the current spot price. This is the strike at which the total dollar value of all outstanding NIFTY options (calls and puts) would expire worthless, resulting in the maximum financial loss to option buyers and maximum gain to option sellers.

Max pain is calculated by iterating over every strike in the NIFTY option chain and computing the total intrinsic value of all outstanding call and put contracts if the stock expired at that strike. The strike that produces the lowest total payout to option holders is the max pain level. StrikeVue recalculates this every 5 minutes using live NSE open interest data.

Historically, stocks and indices do tend to drift toward their max pain level in the final days before expiry due to delta-hedging flows from market makers. As expiry approaches, dealers who are short options adjust their hedges — buying or selling the underlying — in ways that naturally pull price toward the max pain strike. This effect is strongest in the last 1–3 days before expiry for NIFTY (next expiry: 2026-07-14).

NIFTY max pain is recalculated every 5 minutes from live NSE open interest data during India market hours. StrikeVue is completely free and requires no login or broker account.