NIFTY Bank Max Pain Today
₹56,804.85Updated 12 Jun 2026, 03:30 pm IST
Max Pain Strike
55,500
Writers' least-loss point
Spot vs Max Pain
+2.35%
Spot 56,805
Max Pain Shift
+500
vs yesterday
Days to Expiry
17
2026-06-30
2nd Lowest Pain Strike
55,600
100 points from max pain
What is BANKNIFTY Max Pain?
Max Pain theory states NIFTY Bank gravitates toward the strike where option writers face minimum collective loss at expiry. Today that strike is 55,500. Spot at 56,805 is 2.35% above max pain — possible downward gravitational pull into expiry.
Data as of 2026-06-12
Frequently Asked Questions
What is NIFTY Bank max pain today?▾
NIFTY Bank's max pain strike is ₹55,500 for the 2026-06-30 expiry (17 days away). Spot is 2.4% above max pain.
How is max pain calculated for NIFTY Bank?▾
NIFTY Bank's max pain is calculated by taking every possible expiry price and computing the total ITM payout to all option buyers: sum of (CE OI × max(0, spot − strike)) + (PE OI × max(0, strike − spot)) for all strikes. The strike with the minimum total payout is the max pain — where option writers collectively lose the least.
Does max pain predict NIFTY Bank expiry price?▾
Max pain theory suggests the underlying tends to gravitate toward the max pain strike as expiry approaches, because option writers (who have the capital and hedging ability) can influence spot price. It's more reliable within 1 week of expiry and for liquid stocks like NIFTY Bank. It should be used with other signals, not in isolation.
What happened to NIFTY Bank max pain since yesterday?▾
NIFTY Bank's max pain shifted up by ₹500 from the previous session. Max pain shifts indicate that option writers are adjusting their positions — a rising max pain is modestly bullish; falling is modestly bearish.
What is the next expiry for NIFTY Bank options?▾
NIFTY Bank's next options expiry is on 2026-06-30 — 17 days away. NSE F&O stocks have monthly expiry on the last Tuesday of each month. As expiry approaches, gamma risk increases and max pain becomes a stronger gravitational force.