Today the 28th of DEC 2017, Thursday ( Monthly Expiry Day ).
Article Posted After Market.
SCREENSHOT of Today’s NIFTY MAX PAIN Graph.
Today’s NIFTY SCREENSHOT.
Did NIFTY close at 10400 as per the MAX PAIN Theory ?
NO. NIFTY closed 67 points above the Predicted close of 10400.
This is another theory you can throw straight out of the Window.
Thank you Market.
@portfolioplus911, I checked this site a week back and it was showing the max pain as 10000, I immediately knew that this can’t be right and guessed that the site was not being updated though the timestamp gives the current one which is misleading. So, when I checked other update and randomly clicked on the “FII DII activity…” it corroborated the fact that it was not being updated, see the screenshot attached.
So, the moral of the story is that we cannot blindly follow websites like this who update data whenever they want
Can we ask Zerodha to provide this in Option Chain that they are developing?
As option max pain showed 10400 , the nifty expired at 10470s , closing was near the said level 10400 na. ( below 100 pts )
The max pain theory is approx levels and not exact value.If it closed above 10.5 k or near 10.6k , then you can surely throw the concept out of the window,dustin etc.