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...