CUMMINSIND gamma exposure, walls and max pain for 9 Nov 2026
CUMMINSIND closed at ₹4,048.8 on 6 Nov 2026. Levels for the session of 9 Nov 2026 from that close: call wall ₹4,200, put wall ₹4,000, gamma flip ₹3,809 (the close sat above it), max pain ₹4,100 for the 23 Nov 2026 expiry. Call open interest exceeded put open interest: 34,22,300 call units and 18,58,000 put units. Calls added 6,64,400 units; puts added 3,88,500 units against the prior file. The CUMMINSIND gamma exposure by strike chart, the strike by expiry heatmap and the wall migration across archived sessions are at squawkflow.com/india/stocks/cumminsind, updated after each end-of-day exchange file.
Source: public end-of-day exchange data, 6 Nov 2026. End of day, not live. Not investment advice.
Computed from the 6 Nov 2026 close. Next update after the 9 Nov 2026 close, checked hourly from 19:10 to 22:10 IST that day.
- Close
- 4,048.8
- 6 Nov 2026, lot size 100
- Call wall
- 4,200
- +3.73% from the close
- Put wall
- 4,000
- -1.21% from the close
- Gamma flip
- 3,809
- close above it
- Max pain
- 4,100
- Mon 23 Nov 2026 expiry
- PCR (OI)
- 0.54
- nearest expiry 0.53
- Net GEX
- ₹18.2 cr
- per 1% move
- Call wall4,200+3.73%
- Max pain4,100+1.26%
- Close4,048.8close
- Put wall4,000-1.21%
- Gamma flip3,809-5.92%
CUMMINSIND: what changed in the exchange file
CUMMINSIND's 23 Nov 2026 max pain was ₹4,100, above the close by 1.26%. This is an open-interest payout minimum, not a price target.
The largest absolute call OI change in CUMMINSIND's stored strike aggregation was at ₹4,100: +1,59,400 units, an addition.
The largest absolute put OI change in CUMMINSIND's stored strike aggregation was at ₹3,800: +1,12,400 units, an addition.
In CUMMINSIND's stored 5 Nov 2026 row, the close was ₹4,059.08, call OI 27,57,900 and put OI 14,69,500.
For CUMMINSIND's 23 Nov 2026 future, the closing price fell (-0.85%) and open interest increased (6.23%) on 6 Nov 2026. Futures and option units are separate series.
Gamma exposure by strike
Open interest and OI change by strike
| Strike | Call OI | Put OI | Call OI chg | Put OI chg | Call GEX | Put GEX | Net GEX |
|---|---|---|---|---|---|---|---|
| 3,850 | 35,600 | 49,100 | +35,600 | +39,000 | ₹0.52 cr | -₹0.72 cr | -₹0.2 cr |
| 3,900 | 45,100 | 1,12,100 | +43,600 | +51,900 | ₹0.74 cr | -₹1.8 cr | -₹1.1 cr |
| 3,950 | 34,700 | 1,19,600 | +31,500 | +30,100 | ₹0.62 cr | -₹2.2 cr | -₹1.6 cr |
| 4,000 | 1,57,500 | 2,15,900 | +1,14,500 | +13,800 | ₹3.1 cr | -₹4.2 cr | -₹1.1 cr |
| 4,050 | 50,200 | 1,19,100 | +31,800 | -4,200 | ₹1 cr | -₹2.5 cr | -₹1.4 cr |
| 4,100 | 2,44,100 | 1,70,600 | +1,59,400 | +47,400 | ₹5.6 cr | -₹3.9 cr | ₹1.7 cr |
| 4,150 | 1,21,700 | 66,700 | +4,500 | -14,800 | ₹2.8 cr | -₹1.6 cr | ₹1.3 cr |
| 4,200 | 3,82,500 | 1,20,500 | +46,700 | +4,100 | ₹8.2 cr | -₹2.5 cr | ₹5.7 cr |
| 4,250 | 1,05,300 | 42,300 | -6,500 | -1,900 | ₹2.1 cr | -₹0.84 cr | ₹1.3 cr |
Strike by expiry heatmap
| Strike | Mon 23 Nov 2026 | Tue 29 Dec 2026 |
|---|---|---|
| 4,350 | ₹1.5 | |
| 4,300 | ₹5.6 | ₹0.09 |
| 4,250 | ₹1.3 | |
| 4,200 | ₹5.7 | |
| 4,150 | ₹1.3 | |
| 4,100 | ₹1.8 | |
| 4,050 | -₹1.4 | |
| 4,000 | -₹1.1 | |
| 3,950 | -₹1.6 | |
| 3,900 | -₹1.1 | |
| 3,850 | -₹0.2 | |
| 3,800 | -₹1.8 | -₹0.27 |
| 3,750 |
Expiries
| Expiry | Days | Lot size | Call OI | Put OI | PCR | Max pain |
|---|---|---|---|---|---|---|
| Mon 23 Nov 2026 | 17 | 100 | 33,10,900 | 17,62,300 | 0.53 | 4,100 |
| Tue 29 Dec 2026 | 53 | 100 | 1,11,000 | 94,200 | 0.85 | 4,200 |
| Mon 25 Jan 2027 | 80 | 100 | 400 | 1,500 | 3.75 | 4,000 |
Wall migration
- Call wall4,900 to 4,200
- Put wall4,900 to 4,000
- Max pain4,900 to 4,100
- Close4,919.01 to 4,048.8
| Date | Close | Call wall | Put wall | Gamma flip | Max pain | PCR | Call OI chg | Put OI chg |
|---|---|---|---|---|---|---|---|---|
| 6 Nov 2026 | 4,048.8 | 4,200 | 4,000 | 3,809 | 4,100 | 0.54 | +6,64,400 | +3,88,500 |
| 5 Nov 2026 | 4,059.08 | 4,200 | 4,000 | 3,836 | 4,200 | 0.53 | +20,79,300 | +8,93,800 |
| 4 Nov 2026 | 4,725.72 | 4,800 | 4,600 | 4,484 | 4,650 | 0.85 | +2,66,400 | +1,32,700 |
| 3 Nov 2026 | 4,649.81 | 5,000 | 4,600 | 4,571 | 4,600 | 1.07 | -9,000 | +1,500 |
| 2 Nov 2026 | 4,533 | 4,500 | 4,500 | 4,520 | 4,600 | 1.05 | +23,300 | +2,900 |
| 30 Oct 2026 | 4,452.6 | 4,600 | 4,500 | 4,546 | 4,600 | 1.10 | +54,100 | +62,100 |
| 29 Oct 2026 | 4,515.42 | 4,600 | 4,500 | 4,467 | 4,600 | 1.09 | +40,800 | +16,400 |
| 28 Oct 2026 | 4,620.01 | 4,600 | 4,500 | 4,587 | 4,600 | 1.19 | +33,800 | +53,500 |
| 27 Oct 2026 | 4,531.99 | 4,650 | 4,350 | 4,460 | 4,600 | 1.14 | +83,400 | +1,00,000 |
| 26 Oct 2026 | 4,385.45 | 4,400 | 4,300 | 4,436 | 4,700 | 0.76 | -1,24,800 | -1,47,800 |
| 23 Oct 2026 | 4,344.19 | 4,500 | 4,300 | 4,436 | 4,700 | 0.80 | -21,800 | +51,400 |
| 22 Oct 2026 | 4,460 | 4,500 | 4,600 | 4,515 | 4,700 | 0.74 | -2,000 | +21,800 |
| 21 Oct 2026 | 4,439.99 | 4,450 | 4,600 | 4,436 | 4,700 | 0.73 | +1,75,400 | +51,800 |
| 19 Oct 2026 | 4,611.97 | 4,800 | 4,600 | 4,671 | 4,800 | 0.80 | -1,600 | +12,000 |
| 16 Oct 2026 | 4,608.01 | 4,800 | 4,600 | 4,639 | 4,800 | 0.78 | +40,800 | +20,400 |
| 15 Oct 2026 | 4,638.99 | 4,800 | 4,600 | 4,657 | 4,800 | 0.79 | +3,01,400 | +1,64,800 |
| 14 Oct 2026 | 4,792.97 | 4,900 | 4,800 | 4,800 | 4,900 | 0.89 | +50,400 | +54,400 |
| 13 Oct 2026 | 4,834.54 | 4,900 | 4,900 | 4,801 | 4,900 | 0.88 | +68,200 | -10,600 |
| 12 Oct 2026 | 4,835.02 | 4,900 | 4,900 | 4,859 | 4,900 | 0.99 | +56,000 | +12,600 |
| 9 Oct 2026 | 4,830 | 4,900 | 4,900 | 4,900 | 4,900 | 1.06 | -6,000 | +65,400 |
Method and sign convention
Sign convention on screen: Dealers long calls, short puts. Under the other reading (option writers short every option), net GEX is -₹73.8 cr per 1% move and there is no gamma flip. Why both are shown.
Settlement prices and open interest from 6 Nov 2026. 153 contracts used; 0 skipped with no solvable volatility. Calculation details and limits.