The EFFECTIVE ZONE continues to be same at, 4900~5400.In PUT window
6 strikes are closed (4300~4800) and 6 strikes are open (4900~5400).In
call window just one strike is closed.(5700)
For EVERY 100 puts ,we have approximately 60 calls in Effective Zone.
Effective Zone plays crucial role ,since this moves in accordance with Nifty.
Courtesy:
AdityaSaraf007