Reading the Max Pain page
3 min read
Max pain is the strike where option writers lose the least — the level an index often gravitates toward at expiry. The MarketsEasy max pain page shows it live for NIFTY, Bank Nifty and SENSEX, with the full calculation behind it.
Read each index
Every index section shows its max pain, spot, the spot-vs-max-pain gap (%) and PCR. A small gap suggests the index is already near its max-pain magnet; a large gap shows how far it could be pulled by expiry.
The strike-wise pain table
The table lists strikes with the total writer payout at each, and marks the minimum with a ◀ MAX PAIN flag. It is windowed a few strikes either side of max pain so you see the shape of the pain curve without noise.
Intraday shifts
The session shifts timeline shows how max pain has moved through the day, with IST timestamps — useful for spotting whether the magnet level is drifting up or down as positioning changes. The underlying data refreshes every five minutes during market hours.
Max pain is a positioning tendency, not a guarantee. Our own backtest of the effect is cited on the page — treat it as one input among several, not a certainty.
Open the Max Pain page
Live max pain for NIFTY, BankNifty and SENSEX with the full table.