SAGILITY LIMITED Max Pain Analysis
What is Max Pain?
Max Pain theory states the underlying gravitates toward the strike where option writers face minimum collective loss at expiry. For SAGILITY, that strike is ₹45. Spot at ₹45.29 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The max‑pain strike for SAGILITY LIMITED is ₹45. This is the price at which option writers would incur the smallest aggregate loss, acting as a magnet that often draws the underlying toward it as expiry approaches.
Spot vs Max Pain Gap
The current spot price of ₹45.29 sits just above the max‑pain level, creating a modest upside gap. Such a narrow spread suggests limited pull‑back pressure, but the market may still drift toward the strike if sellers dominate.
Shift Signal
The max‑pain level has moved up by one point since yesterday, indicating that option writers have nudged their collective breakeven higher. This upward shift typically reflects a positioning bias toward higher strikes, which can add resistance to moves above ₹45.
Expiry Context
Max‑pain theory works because the majority of open interest in calls and puts concentrates around a single strike, and as time decays the majority of premium expires worthless at that point. In the final week before the 2026‑11‑23 expiry, price action often oscillates around this level, but the phenomenon remains a tendency rather than a certainty.
Data Note
The spot price is ₹0.29 above the max‑pain strike, with 26 days remaining until expiry.
Data as of 2026-10-28