Do not look for the Exact levels of 6200. Last month I was looking for the level of 6300 and so did not close my Long position and so faced with losses. So better to have 6200 as the Stoploss and close or initiate your positions around say 6220. The Reason is even after introducing the XX50 strikes, the Speculation in NIFTY has not stopped. The real Level might be say 6250 to 6350. But since there is not much volume at XX50 strikes, there is not much use of the introducing the XX50 strikes. Still the Speculation is there. It is not the case with Stocks. So it is better to be careful with the levels of the MAX OI.
Have a Buffer of say 20-30 points and close / initiate the positions accordingly.
Yes, if 6307 is the Top then 60 points from there would be around 6240. but nowadays NIFTY is not giving the full 60 points. So better be happy with 50 points.
Those who bought at 6220 Book Partial Profit. NIFTY touched 6275. The PIVOT for this channel is at 6278. So Watch what happens near 6278 and Close your Longs Accordingly.
NIFTY is moving majorly due to the BANKING Stocks. BANKNIFTY Max Pain changed from 11500 to 11400 when the BANKNIFTY was trading near 11200. So 11400 might be the next Resistance.