ICICI Bank Limited (IBN)

IBN trades at $33.09, 6.7% above the near-term max pain of $31 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$33), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IBN shows a downward trend from 33 to 25, indicating bearish sentiment or hedging activity. The 26% spread signals divergent expectations across timeframes. Most levels below 33.09 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.