gmt900, Based on assumption NIFTY gonna close on expiry, anything above is max pain for CALL and anything below is max pain for PUT.
For this month, my best bet is NIFTY will not cross above 6200 and will not go below 5800, so anything above 6200 is max pain for CALL and any thing below 5800 is max pain for PUT as of now. As we come close to expiry day, things will be much clear.
So as of now, do not trade any CE above strike 6200 and any PE below 5800.
Raj, hope my understanding is correct and this is what you also what to convey.
Happy Trading.
Regards,
Escape
For this month, my best bet is NIFTY will not cross above 6200 and will not go below 5800, so anything above 6200 is max pain for CALL and any thing below 5800 is max pain for PUT as of now. As we come close to expiry day, things will be much clear.
So as of now, do not trade any CE above strike 6200 and any PE below 5800.
Raj, hope my understanding is correct and this is what you also what to convey.
Happy Trading.
Regards,
Escape