NIFTY 50 Max Pain Analysis
₹23,997.55Updated 1 May 2026, 07:30 am IST
Max Pain Strike
₹24,050
Writers' least-loss point
Spot vs Max Pain
-0.22%
Spot ₹23,997.55
Max Pain Shift
+₹100
vs yesterday
Days to Expiry
4
2026-05-05
2nd Lowest Pain Strike
₹24,000
₹50 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 NIFTY, that strike is ₹24,050. Spot at ₹23,997.55 is near max pain — the expiry magnetic pull is active.
Data as of 2026-05-01
Frequently Asked Questions
What is NIFTY 50 max pain today?▾
NIFTY 50's max pain strike is ₹24,050 for the 2026-05-05 expiry (4 days away). Spot is 0.2% below max pain.
How is max pain calculated for NIFTY 50?▾
NIFTY 50'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 50 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 50. It should be used with other signals, not in isolation.
What happened to NIFTY 50 max pain since yesterday?▾
NIFTY 50's max pain shifted up by ₹100 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 50 options?▾
NIFTY 50's next options expiry is on 2026-05-05 — 4 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.