Nifty Max Pain, Option Chain & Open Interest
Understand Nifty max pain and open interest, then explore the free live ATM straddle chart.
Nifty 50 is the most actively traded options underlying in India, with weekly expiries that account for the bulk of NSE options volume. Its deep liquidity and 50-point strike gap make it the default playground for premium sellers and expiry-day traders.
Use this guide to understand Nifty max pain, open interest and PCR. For live ATM call and put premiums, open the free straddle chart. This guide does not display a live max-pain value.
Nifty Max Pain — Free, No Login
Open max pain, PCR and OI concentration levels for the selected expiry, alongside the live straddle chart.
Open Nifty max pain →Reading the Nifty Option Chain
The Nifty option chain lists every available call and put strike for the current expiry on NSE, with last price, volume, open interest, change in OI, implied volatility and bid–ask for each. Nifty options trade with a strike gap of 50 and a lot size of 65.
Quintal Mind streams the Nifty chain live over a compressed WebSocket, so LTP, OI and IV update in real time during market hours instead of the 3-minute delay on the exchange site. The ATM strike is highlighted and the chain is centred on spot so the relevant strikes are always in view.
Nifty Max Pain & Open Interest
Max pain is the candidate settlement price that minimises the combined intrinsic payout of outstanding Nifty calls and puts for one expiry, weighted by open interest. It can change as OI changes and does not predict where the underlying will settle. Call and put OI concentrations show positioning, not guaranteed resistance or support.
Watching OI change (not just absolute OI) tells you whether positions at a strike are being built or unwound — the difference between fresh conviction and a fading move.
Nifty PCR & Sentiment
The Nifty Put-Call Ratio (PCR), computed from total put OI ÷ total call OI, is a quick sentiment gauge: a high PCR leans bullish (heavy put writing), a low PCR leans bearish (heavy call writing). Quintal Mind shows live PCR alongside the chain so you have context before every trade.
Nifty Weekly Expiry
Nifty weekly options expire on Tuesday, or the previous trading day when Tuesday is an NSE trading holiday. The last two sessions before expiry see the most aggressive theta decay and the highest gamma risk — the environment where short straddles, iron butterflies and cross butterflies are most often deployed.
Frequently Asked Questions
How is Nifty max pain calculated?
For one expiry, calculate the intrinsic payout of each call and put at each candidate settlement price, multiply by its open interest and sum the payouts. The candidate with the lowest total is max pain. Use the same OI units throughout and do not combine different expiries.
Does this page show today’s live Nifty max pain?
This is an explanatory guide. Open the linked Nifty max-pain page for the current expiry-specific OI snapshot and live straddle chart. Max pain can be unavailable outside market hours or when OI is insufficient.
Where can I see the live Nifty option chain?
Quintal Mind streams the full Nifty option chain in real time — LTP, OI, OI change, IV and PCR — over a compressed WebSocket, centred on the ATM strike. The live chain is available after a free sign-up.
What is the Nifty lot size and strike gap?
Nifty options have a lot size of 65 and a strike gap of 50 points. Check the selected contract for any subsequent exchange revisions.
When does Nifty weekly expiry happen?
Nifty weekly options expire on Tuesday, shifting to the previous trading day when Tuesday is an NSE trading holiday.
Other Option Chains
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See the Live Nifty Chain
The full real-time Nifty option chain — every strike with LTP, OI, change in OI, IV and bid–ask — is available after a free sign-up.
Open Nifty Live →