Short Naked Put + Short Straddle

Max Pain for Nifty is at 12200, ATM Strike is 12100
Closing is near Fibonacci Support level
If Fibonacci is sustained markets may head toward 12200 Level

Short 12100PE @ 24.5
Short 12150PE @ 48.65
Short 12200PE @ 86.325
Short 12200CE @ 8.75

Net Premium = 168.225

SL = 10

Max Loss = 10 * 4 * 75 = 3000
Max Profit = 12616.875

RR Ratio = 1 : 4.2



Happy Trading...

Trade closed manually:

SL hit at 12100PE = 10
SL hit at 12150PE = 10
SL hit at 12200PE = 10
Profit at 12200CE = 8.75

Net Loss = 21.25 * 75 = 1593.75