Max Pain Updated

Max pain for the current series is at 5000.


Trade initiated on 16-Nov-2011

Sold 4900 PE : 18.65
Sold 5200 CE : 23.20

Current position



Can book 5200 CE on monday and sell 5100CE.

Important levels for monday

Hour: Trend is neutral
Below 4890: Down

Above 5100: Up

Trend Weakens above: 4970

Day: Trend is down

Below 5060: Down

Above 5250: Up

Trend weakens above: 5175

Week: Trend is down

Below 5045: Down

Above 5450: Up

Trend weakens above: 5110

Expecting nifty to trade in the range 4960 - 5030 in the next week.
Go Short at these levels with a stop loss of 5175.

Thanks