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