Nestle India Limited

NSE: NESTLEIND · Fast Moving Consumer Goods · Lot size: 500

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Nestle India Limited Max Pain Analysis

₹1,500Updated 22 Jul 2026, 03:30 pm IST
Max Pain Strike
₹1,450
Writers' least-loss point
Spot vs Max Pain
+3.45%
Spot ₹1,500
Max Pain Shift
+₹10
vs yesterday
Days to Expiry
6
2026-07-28
2nd Lowest Pain Strike
₹1,460
₹10 from max pain

What is Max Pain?

Max Pain theory states the underlying gravitates toward the strike where option writers face minimum collective loss at expiry. For NESTLEIND, that strike is ₹1,450. Spot at ₹1,500 is 3.45% above max pain — possible downward gravitational pull into expiry.

AI AnalysisGenerated daily after market close · AI-powered

Max Pain Level

The options market for Nestle India Limited (NESTLEIND) shows the highest open‑interest concentration at the ₹1450 strike. This level represents the price at which option writers would incur the smallest aggregate loss, acting as a magnetic pull as expiry approaches.

Spot vs Max Pain Gap

The current spot price of ₹1500 sits above the max pain point, creating a ₹50 gap. Such a positive distance typically suggests that the underlying may face downward pressure to converge toward the pain level.

Shift Signal

The shift indicator moved +10 points from yesterday, pointing to a rising pain level. This upward adjustment implies that writers

Data as of 2026-07-22

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Frequently Asked Questions

What is Nestle India Limited max pain today?▾
Nestle India Limited's max pain strike is ₹1,450 for the 2026-07-28 expiry (6 days away). Spot is 3.5% above max pain.
How is max pain calculated for Nestle India Limited?▾
Nestle India Limited'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 Nestle India Limited 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 Nestle India Limited. It should be used with other signals, not in isolation.
What happened to Nestle India Limited max pain since yesterday?▾
Nestle India Limited's max pain shifted up by ₹10 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 Nestle India Limited options?▾
Nestle India Limited's next options expiry is on 2026-07-28 — 6 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.