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NIFTY
Nifty

23205.35 50.00 (0.22%)

Max pain for NIFTY

23 Jan 2025 04:11 PM IST

Max Pain for NIFTY is 23400  



Strike  21250  has a total call value of 0  versus a total put value of  14,139,503,250,000 Combined total value = 14,139,503,250,000

Strike  21300  has a total call value of 0  versus a total put value of  13,682,300,750,000 Combined total value = 13,682,300,750,000

Strike  21350  has a total call value of 0  versus a total put value of  13,230,912,875,000 Combined total value = 13,230,912,875,000

Strike  21400  has a total call value of 0  versus a total put value of  12,793,346,750,000 Combined total value = 12,793,346,750,000

Strike  21450  has a total call value of 0  versus a total put value of  12,364,174,750,000 Combined total value = 12,364,174,750,000

Strike  21500  has a total call value of 0  versus a total put value of  11,936,795,500,000 Combined total value = 11,936,795,500,000

Strike  21550  has a total call value of 50,250,000  versus a total put value of  11,530,252,250,000 Combined total value = 11,530,302,500,000

Strike  21600  has a total call value of 100,500,000  versus a total put value of  11,124,113,125,000 Combined total value = 11,124,213,625,000

Strike  21650  has a total call value of 797,250,000  versus a total put value of  10,728,807,000,000 Combined total value = 10,729,604,250,000

Strike  21700  has a total call value of 1,494,000,000  versus a total put value of  10,334,014,750,000 Combined total value = 10,335,508,750,000

Strike  21750  has a total call value of 2,200,000,000  versus a total put value of  9,944,888,625,000 Combined total value = 9,947,088,625,000

Strike  21800  has a total call value of 2,906,000,000  versus a total put value of  9,557,064,500,000 Combined total value = 9,559,970,500,000

Strike  21850  has a total call value of 3,612,000,000  versus a total put value of  9,180,162,875,000 Combined total value = 9,183,774,875,000

Strike  21900  has a total call value of 4,318,000,000  versus a total put value of  8,804,665,375,000 Combined total value = 8,808,983,375,000

Strike  21950  has a total call value of 5,025,875,000  versus a total put value of  8,436,447,500,000 Combined total value = 8,441,473,375,000

Strike  22000  has a total call value of 5,733,750,000  versus a total put value of  8,069,283,875,000 Combined total value = 8,075,017,625,000

Strike  22050  has a total call value of 11,906,875,000  versus a total put value of  7,740,320,125,000 Combined total value = 7,752,227,000,000

Strike  22100  has a total call value of 18,080,000,000  versus a total put value of  7,412,310,000,000 Combined total value = 7,430,390,000,000

Strike  22150  has a total call value of 24,265,125,000  versus a total put value of  7,092,159,000,000 Combined total value = 7,116,424,125,000

Strike  22200  has a total call value of 30,450,250,000  versus a total put value of  6,774,118,125,000 Combined total value = 6,804,568,375,000

Strike  22250  has a total call value of 36,654,750,000  versus a total put value of  6,468,268,500,000 Combined total value = 6,504,923,250,000

Strike  22300  has a total call value of 42,859,250,000  versus a total put value of  6,164,500,250,000 Combined total value = 6,207,359,500,000

Strike  22350  has a total call value of 49,089,625,000  versus a total put value of  5,872,176,375,000 Combined total value = 5,921,266,000,000

Strike  22400  has a total call value of 55,321,125,000  versus a total put value of  5,581,181,500,000 Combined total value = 5,636,502,625,000

Strike  22450  has a total call value of 61,602,250,000  versus a total put value of  5,297,649,750,000 Combined total value = 5,359,252,000,000

Strike  22500  has a total call value of 67,888,500,000  versus a total put value of  5,016,714,250,000 Combined total value = 5,084,602,750,000

Strike  22550  has a total call value of 77,062,500,000  versus a total put value of  4,762,663,000,000 Combined total value = 4,839,725,500,000

Strike  22600  has a total call value of 86,268,750,000  versus a total put value of  4,510,355,500,000 Combined total value = 4,596,624,250,000

Strike  22650  has a total call value of 95,627,250,000  versus a total put value of  4,266,335,750,000 Combined total value = 4,361,963,000,000

Strike  22700  has a total call value of 105,054,250,000  versus a total put value of  4,024,232,125,000 Combined total value = 4,129,286,375,000

Strike  22750  has a total call value of 114,779,000,000  versus a total put value of  3,791,606,625,000 Combined total value = 3,906,385,625,000

Strike  22800  has a total call value of 124,746,000,000  versus a total put value of  3,560,909,875,000 Combined total value = 3,685,655,875,000

Strike  22850  has a total call value of 135,657,000,000  versus a total put value of  3,345,796,250,000 Combined total value = 3,481,453,250,000

Strike  22900  has a total call value of 146,750,625,000  versus a total put value of  3,132,956,000,000 Combined total value = 3,279,706,625,000

Strike  22950  has a total call value of 159,118,375,000  versus a total put value of  2,929,035,000,000 Combined total value = 3,088,153,375,000

Strike  23000  has a total call value of 171,868,000,000  versus a total put value of  2,727,038,375,000 Combined total value = 2,898,906,375,000

Strike  23050  has a total call value of 199,640,500,000  versus a total put value of  2,559,329,375,000 Combined total value = 2,758,969,875,000

Strike  23100  has a total call value of 229,256,625,000  versus a total put value of  2,394,743,750,000 Combined total value = 2,624,000,375,000

Strike  23150  has a total call value of 269,006,625,000  versus a total put value of  2,244,506,750,000 Combined total value = 2,513,513,375,000

Strike  23200  has a total call value of 311,551,500,000  versus a total put value of  2,097,719,625,000 Combined total value = 2,409,271,125,000

Strike  23250  has a total call value of 374,970,000,000  versus a total put value of  1,971,271,750,000 Combined total value = 2,346,241,750,000

Strike  23300  has a total call value of 445,107,875,000  versus a total put value of  1,850,398,375,000 Combined total value = 2,295,506,250,000

Strike  23350  has a total call value of 532,865,500,000  versus a total put value of  1,744,410,125,000 Combined total value = 2,277,275,625,000

Strike  23400  has a total call value of 623,807,250,000  versus a total put value of  1,640,659,250,000 Combined total value = 2,264,466,500,000

Strike  23450  has a total call value of 728,798,750,000  versus a total put value of  1,545,638,125,000 Combined total value = 2,274,436,875,000

Strike  23500  has a total call value of 837,000,750,000  versus a total put value of  1,452,175,875,000 Combined total value = 2,289,176,625,000

Strike  23550  has a total call value of 972,202,875,000  versus a total put value of  1,371,963,000,000 Combined total value = 2,344,165,875,000

Strike  23600  has a total call value of 1,110,278,125,000  versus a total put value of  1,292,151,125,000 Combined total value = 2,402,429,250,000

Strike  23650  has a total call value of 1,264,937,000,000  versus a total put value of  1,215,866,875,000 Combined total value = 2,480,803,875,000

Strike  23700  has a total call value of 1,423,876,500,000  versus a total put value of  1,140,117,000,000 Combined total value = 2,563,993,500,000

Strike  23750  has a total call value of 1,599,797,000,000  versus a total put value of  1,069,203,125,000 Combined total value = 2,669,000,125,000

Strike  23800  has a total call value of 1,781,431,500,000  versus a total put value of  998,784,125,000 Combined total value = 2,780,215,625,000

Strike  23850  has a total call value of 1,990,127,750,000  versus a total put value of  938,243,375,000 Combined total value = 2,928,371,125,000

Strike  23900  has a total call value of 2,202,178,750,000  versus a total put value of  878,064,500,000 Combined total value = 3,080,243,250,000

Strike  23950  has a total call value of 2,427,852,250,000  versus a total put value of  823,069,625,000 Combined total value = 3,250,921,875,000

Strike  24000  has a total call value of 2,656,598,250,000  versus a total put value of  768,432,625,000 Combined total value = 3,425,030,875,000

Strike  24050  has a total call value of 2,931,008,625,000  versus a total put value of  729,109,125,000 Combined total value = 3,660,117,750,000

Strike  24100  has a total call value of 3,209,054,625,000  versus a total put value of  689,982,750,000 Combined total value = 3,899,037,375,000

Strike  24150  has a total call value of 3,499,757,250,000  versus a total put value of  652,872,875,000 Combined total value = 4,152,630,125,000

Strike  24200  has a total call value of 3,793,544,750,000  versus a total put value of  616,437,250,000 Combined total value = 4,409,982,000,000

Strike  24250  has a total call value of 4,103,961,125,000  versus a total put value of  586,514,750,000 Combined total value = 4,690,475,875,000

Strike  24300  has a total call value of 4,419,368,500,000  versus a total put value of  556,934,250,000 Combined total value = 4,976,302,750,000

Strike  24350  has a total call value of 4,752,718,250,000  versus a total put value of  529,003,125,000 Combined total value = 5,281,721,375,000

Strike  24400  has a total call value of 5,087,928,875,000  versus a total put value of  501,284,250,000 Combined total value = 5,589,213,125,000

Strike  24450  has a total call value of 5,432,512,375,000  versus a total put value of  474,991,750,000 Combined total value = 5,907,504,125,000

Strike  24500  has a total call value of 5,778,677,500,000  versus a total put value of  448,834,375,000 Combined total value = 6,227,511,875,000

Strike  24550  has a total call value of 6,157,510,250,000  versus a total put value of  426,850,000,000 Combined total value = 6,584,360,250,000

Strike  24600  has a total call value of 6,537,512,625,000  versus a total put value of  404,946,750,000 Combined total value = 6,942,459,375,000

Strike  24650  has a total call value of 6,923,926,625,000  versus a total put value of  383,783,750,000 Combined total value = 7,307,710,375,000

Strike  24700  has a total call value of 7,311,281,250,000  versus a total put value of  362,620,750,000 Combined total value = 7,673,902,000,000

Strike  24750  has a total call value of 7,703,427,625,000  versus a total put value of  342,344,750,000 Combined total value = 8,045,772,375,000

Strike  24800  has a total call value of 8,096,377,000,000  versus a total put value of  322,140,250,000 Combined total value = 8,418,517,250,000

Strike  24850  has a total call value of 8,496,484,375,000  versus a total put value of  302,633,750,000 Combined total value = 8,799,118,125,000

Strike  24900  has a total call value of 8,897,183,375,000  versus a total put value of  283,127,250,000 Combined total value = 9,180,310,625,000

Strike  24950  has a total call value of 9,301,011,625,000  versus a total put value of  263,962,625,000 Combined total value = 9,564,974,250,000

Strike  25000  has a total call value of 9,705,203,375,000  versus a total put value of  244,875,000,000 Combined total value = 9,950,078,375,000

Strike  25050  has a total call value of 10,144,561,750,000  versus a total put value of  232,671,250,000 Combined total value = 10,377,233,000,000

Strike  25100  has a total call value of 10,584,170,625,000  versus a total put value of  220,467,500,000 Combined total value = 10,804,638,125,000

Strike  25150  has a total call value of 11,028,982,875,000  versus a total put value of  208,442,625,000 Combined total value = 11,237,425,500,000

Strike  25200  has a total call value of 11,473,999,500,000  versus a total put value of  196,417,750,000 Combined total value = 11,670,417,250,000

Strike  25250  has a total call value of 11,922,873,875,000  versus a total put value of  184,681,250,000 Combined total value = 12,107,555,125,000

Strike  25300  has a total call value of 12,372,088,000,000  versus a total put value of  172,944,750,000 Combined total value = 12,545,032,750,000

Strike  25350  has a total call value of 12,823,284,625,000  versus a total put value of  161,332,625,000 Combined total value = 12,984,617,250,000

Strike  25400  has a total call value of 13,274,704,000,000  versus a total put value of  149,720,500,000 Combined total value = 13,424,424,500,000

Strike  25450  has a total call value of 13,728,336,375,000  versus a total put value of  138,287,625,000 Combined total value = 13,866,624,000,000

Strike  25500  has a total call value of 14,183,231,500,000  versus a total put value of  126,854,750,000 Combined total value = 14,310,086,250,000

Strike  25550  has a total call value of 14,649,013,750,000  versus a total put value of  117,625,625,000 Combined total value = 14,766,639,375,000

Strike  25600  has a total call value of 15,115,035,500,000  versus a total put value of  108,396,500,000 Combined total value = 15,223,432,000,000

Strike  25650  has a total call value of 15,582,924,625,000  versus a total put value of  99,350,000,000 Combined total value = 15,682,274,625,000

Strike  25700  has a total call value of 16,051,146,375,000  versus a total put value of  90,303,500,000 Combined total value = 16,141,449,875,000

Strike  25750  has a total call value of 16,520,233,500,000  versus a total put value of  81,421,375,000 Combined total value = 16,601,654,875,000

Strike  25800  has a total call value of 16,989,605,125,000  versus a total put value of  72,539,250,000 Combined total value = 17,062,144,375,000

Strike  25850  has a total call value of 17,460,524,625,000  versus a total put value of  63,873,875,000 Combined total value = 17,524,398,500,000

Strike  25900  has a total call value of 17,931,542,125,000  versus a total put value of  55,208,500,000 Combined total value = 17,986,750,625,000

Strike  25950  has a total call value of 18,403,545,250,000  versus a total put value of  46,618,625,000 Combined total value = 18,450,163,875,000

Strike  26000  has a total call value of 18,875,789,750,000  versus a total put value of  38,028,750,000 Combined total value = 18,913,818,500,000

Strike  26050  has a total call value of 19,367,859,750,000  versus a total put value of  33,974,500,000 Combined total value = 19,401,834,250,000

Strike  26100  has a total call value of 19,860,044,875,000  versus a total put value of  29,920,250,000 Combined total value = 19,889,965,125,000

Strike  26150  has a total call value of 20,353,678,000,000  versus a total put value of  25,972,500,000 Combined total value = 20,379,650,500,000

Strike  26200  has a total call value of 20,847,630,875,000  versus a total put value of  22,024,750,000 Combined total value = 20,869,655,625,000

Strike  26250  has a total call value of 21,343,302,000,000  versus a total put value of  18,343,875,000 Combined total value = 21,361,645,875,000

Strike  26300  has a total call value of 21,839,972,125,000  versus a total put value of  14,663,000,000 Combined total value = 21,854,635,125,000

Strike  26350  has a total call value of 22,337,653,250,000  versus a total put value of  10,982,125,000 Combined total value = 22,348,635,375,000

Strike  26400  has a total call value of 22,835,756,000,000  versus a total put value of  7,301,250,000 Combined total value = 22,843,057,250,000

Strike  26450  has a total call value of 23,338,451,250,000  versus a total put value of  3,650,625,000 Combined total value = 23,342,101,875,000

Strike  26500  has a total call value of 23,842,680,500,000  versus a total put value of  0 Combined total value = 23,842,680,500,000


  Note:- click on symbol to see more detailed view
Max Pain
Symbol Symbol Ltp Max Pain
AARTIIND 448.45 435
ABB 6330.25 6400
ABBOTINDIA 27849.8 28000
ABCAPITAL 174.27 180
ABFRL 282.7 280
ACC 2045.2 2080
ADANIENSOL 808.8 800
ADANIENT 2385 2400
ADANIGREEN 1030.25 1020
ADANIPORTS 1104 1160
ALKEM 5183.5 5300
AMBUJACEM 548.8 550
ANGELONE 2431.45 2500
APLAPOLLO 1582.85 1560
APOLLOHOSP 6920.85 6900
APOLLOTYRE 438.9 460
ASHOKLEY 207.74 210
ASIANPAINT 2276.35 2300
ASTRAL 1495.5 1560
ATGL 658.25 670
ATUL 6748.8 6900
AUBANK 582.4 580
AUROPHARMA 1244.8 1240
AXISBANK 951.05 990
BAJAJ-AUTO 8399.95 8700
BAJAJFINSV 1746.15 1700
BAJFINANCE 7443.25 7300
BALKRISIND 2728.9 2780
BANDHANBNK 151.14 160
BANKBARODA 229.16 235
BANKINDIA 99.71 100
BATAINDIA 1300.9 1340
BEL 273.95 280
BERGEPAINT 480.35 465
BHARATFORG 1227.75 1240
BHARTIARTL 1636 1620
BHEL 206.49 215
BIOCON 397.3 385
BOSCHLTD 30990.5 33000
BPCL 271.25 275
BRITANNIA 5012.6 4850
BSE 5909.7 5600
BSOFT 554.9 550
CAMS 4159.25 4300
CANBK 98.15 100
CANFINHOME 690.95 700
CDSL 1516.15 1600
CESC 145.12 150
CGPOWER 627.9 650
CHAMBLFERT 509.3 500
CHOLAFIN 1246.05 1260
CIPLA 1451.15 1480
COALINDIA 385.8 385
COFORGE 9196.45 9000
COLPAL 2738.95 2750
CONCOR 772.25 780
COROMANDEL 1848.7 1860
CROMPTON 351.15 365
CUB 170.25 170
CUMMINSIND 2889.05 3000
CYIENT 1755.25 1760
DABUR 524.6 520
DALBHARAT 1828.35 1780
DEEPAKNTR 2369.3 2400
DELHIVERY 326.95 330
DIVISLAB 5850.95 5900
DIXON 15463.6 16000
DLF 715.05 750
DMART 3598.35 3700
DRREDDY 1289.4 1300
EICHERMOT 5116.2 5000
ESCORTS 3588.4 3450
EXIDEIND 383.5 400
FEDERALBNK 190.75 195
GAIL 179.66 185
GLENMARK 1510.95 1520
GMRAIRPORT 73.5 78
GMRINFRA 0 32
GNFC 560.9 560
GODREJCP 1145.2 1140
GODREJPROP 2225.65 2400
GRANULES 599.6 590
GRASIM 2461.15 2460
GUJGASLTD 503.25 500
HAL 3922.55 4100
HAVELLS 1595.3 1580
HCLTECH 1807 1820
HDFCAMC 4001.7 4000
HDFCBANK 1664.9 1670
HDFCLIFE 621 630
HEROMOTOCO 4100.35 4150
HFCL 101.03 102.5
HINDALCO 608.25 600
HINDCOPPER 246.05 250
HINDPETRO 362.1 370
HINDUNILVR 2321.7 2360
HUDCO 221.48 220
ICICIBANK 1201.75 1240
ICICIGI 1834.1 1900
ICICIPRULI 594.7 600
IDEA 9.51 9
IDFCFIRSTB 63.11 63
IEX 167.45 172.5
IGL 391.6 400
INDHOTEL 775.1 790
INDIAMART 2086.55 2160
INDIANB 516.7 520
INDIGO 4134.8 4200
INDUSINDBK 970.95 980
INDUSTOWER 366.6 350
INFY 1865.45 1880
IOC 129.83 132.5
IPCALAB 1583.55 1580
IRB 52.94 55
IRCTC 795.2 800
IRFC 141.37 137.5
ITC 440.2 445
JINDALSTEL 893 920
JIOFIN 255.85 270
JKCEMENT 4789.05 4600
JSL 639.75 640
JSWENERGY 552.1 580
JSWSTEEL 929.9 930
JUBLFOOD 687.7 700
KALYANKJIL 478.15 580
KEI 4480.6 4300
KOTAKBANK 1894.85 1860
KPITTECH 1344.7 1380
LALPATHLAB 2877.65 2900
LAURUSLABS 585.15 580
LICHSGFIN 579.95 580
LICI 837.25 860
LODHA 1082.3 1140
LT 3503.25 3600
LTF 139.93 140
LTIM 6002.05 5900
LTTS 5453.15 5250
LUPIN 2151.2 2180
M&M 2886.45 2950
M&MFIN 275.45 275
MANAPPURAM 196.85 185
MARICO 667.9 660
MARUTI 12045.75 11700
MAXHEALTH 1082.85 1100
MCX 5860 5900
METROPOLIS 1870.7 1940
MFSL 1056.4 1060
MGL 1312.9 1280
MOTHERSON 144.97 150
MPHASIS 2918.95 2900
MRF 111739.5 115000
MUTHOOTFIN 2195.1 2180
NATIONALUM 205.8 210
NAUKRI 7535.5 7700
NAVINFLUOR 3772.45 3700
NCC 247.2 250
NESTLEIND 2198.95 2200
NHPC 78.46 79
NMDC 68.09 68
NTPC 323.65 325
NYKAA 170.31 167.5
OBEROIRLTY 1821.9 1860
OFSS 10056.7 10250
OIL 451.3 470
ONGC 263.05 260
PAGEIND 46768.75 46500
PAYTM 849.1 880
PEL 1006.4 1080
PERSISTENT 6287.7 6100
PETRONET 330.65 335
PFC 421.25 440
PIDILITIND 2909.65 2900
PIIND 3526.65 3550
PNB 99.43 100
POLICYBZR 1686.8 1750
POLYCAB 6250.9 6400
POONAWALLA 332.8 320
POWERGRID 294.35 305
PRESTIGE 1342.6 1400
PVRINOX 1092.8 1140
RAMCOCEM 908.55 910
RBLBANK 155.97 160
RECLTD 463.75 490
RELIANCE 1263.65 1260
SAIL 109.14 112.5
SBICARD 760 750
SBILIFE 1449.85 1460
SBIN 745.9 770
SHREECEM 25926.8 25500
SHRIRAMFIN 529.8 540
SIEMENS 6067.85 6200
SJVN 98.26 97.5
SONACOMS 542.6 560
SRF 2596.75 2560
SUNPHARMA 1833.6 1800
SUNTV 652.75 660
SUPREMEIND 3967.65 4000
SYNGENE 847 840
TATACHEM 975.45 1000
TATACOMM 1646.3 1700
TATACONSUM 983.9 960
TATAELXSI 6353.95 6300
TATAMOTORS 752.5 770
TATAPOWER 362.75 380
TATASTEEL 130.37 134
TCS 4145.45 4150
TECHM 1713.4 1700
TIINDIA 3363.7 3400
TITAN 3398.55 3400
TORNTPHARM 3263.75 3250
TRENT 5733.6 6000
TVSMOTOR 2300.1 2300
UBL 2073.75 2040
ULTRACEMCO 11420.9 11200
UNIONBANK 109.7 110
UNITDSPR 1500.65 1500
UPL 557.85 540
VBL 540.4 550
VEDL 446.5 460
VOLTAS 1497.65 1580
WIPRO 317.7 310
YESBANK 18.47 19
ZOMATO 221.95 230
ZYDUSLIFE 989.15 990

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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.