NIFTY Gamma Exposure
Dealer positioning · ₹ Cr / 1% moveLoading latest profile
Dealer regime
Flip zoneUnstable
Net gamma exposure
+₹0 Cr₹ Cr per 1% move
Gamma flip
Outside range
Call wall
—
Put wall
—
Live positioning map0 strikes · No expiry
Gamma concentration by strike
ABS GEX ₹0 Cr · Spot 0
Loading market chart
Exposure · left axis Concentration · right axis
Key gamma exposure terms
A quick guide to reading the profile and headline levels.
- Positive gamma
- Net dealer gamma is positive. Hedging may dampen price swings as dealers potentially sell strength and buy weakness.
- Negative gamma
- Net dealer gamma is negative. Hedging may amplify price moves as dealers potentially buy strength and sell weakness.
- Net GEX
- Call GEX plus put GEX at a strike or across the selected expiry. Its sign indicates the estimated gamma regime.
- Absolute GEX
- Total call and put gamma magnitude without offsetting their signs. It highlights where gamma is concentrated.
- Gamma flip
- Estimated spot level where aggregate GEX changes sign, potentially shifting between dampening and amplifying regimes.
- Call wall
- Strike at or above spot with the largest call GEX. It marks a major call-gamma concentration, not guaranteed resistance.
- Put wall
- Strike at or below spot with the largest put GEX magnitude. It marks a major put-gamma concentration, not guaranteed support.
Methodology and limitation
GEX = gamma × open interest units × spot² × 1%, shown in ₹ crore. Calls are assigned positive exposure and puts negative exposure. This dealer-sign convention is an assumption because NSE does not publish dealer-side positioning. Positive GEX describes potentially stabilizing hedging; negative GEX describes potentially amplifying hedging—it is not a directional forecast.
IV priority: LTP solved → live → EOD · Gamma uses 6.65% rate · OI is already reported in underlying units · Intraday LTP = OI value ÷ OI