Commodity outlook ๐ Last Update: 28 April 2026, 7.00 PM
by Riteshkumar Sahu (riteshkumar.sahu@kotak.com), Saait Sawant Dessai
Gold Option Chain Strategy Today (05 June Expiry)
๐ Last Update: 29 April 2026 | Evening Session
MCX Gold June Futures is trading near Rs. 1,48,847 after consolidation. Will Gold reclaim Rs. 1,50,000 or slip below Rs. 1,48,000? Full option setup below.
Todayโs Bias
- Bullish above Rs. 1,50,000
- Weak below Rs. 1,48,000
- Range zone: Rs. 1,48,000 โ Rs. 1,50,000
Todayโs Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| Gold | 150000 CE Buy | Rs. 2850 โ 3000 | Rs. 3600 / 4200 | Rs. 2450 |
| Gold | 148000 PE Buy | Rs. 3000 โ 3250 | Rs. 3950 / 4700 | Rs. 2550 |
Execution Plan
| Condition | Action |
|---|---|
| Above 150000 | Buy 150000 CE |
| Below 148000 | Buy 148000 PE |
| 148000 โ 150000 | No Trade Zone |
๐ฝ Study
๐Today’s Intraday Breakout Call – Earn quick profits !!
Gold snapped its three-day losing streak, rebounding above $4,600/oz amid renewed geopolitical tensions.
Strong central bank buying and safe-haven demand continue to support prices, especially with rising uncertainty around Iran-related developments.
However, higher U.S. yields and a tight Federal Reserve stance are capping upside momentum.
Near term, gold remains range-bound with positive bias, driven by geopolitical risk and inflation hedging demand.
๐ฝ Study Nifty Option Strategy
๐ Trade Setup + Key Levels + Pro Insights
Why This Strategy?
| Factor | Observation |
|---|---|
| Spot / Futures Price | Around Rs. 1,48,847 |
| Trend | Sideways with recovery attempts |
| Resistance Zone | Rs. 1,50,000 โ 1,52,000 |
| RSI | Near 55 (neutral-positive) |
| Option Data | Heavy CE OI at 150000 & 155000, PE support near 148000 |
Support and Resistance (Option Chain Based)
| Type | Levels |
|---|---|
| Immediate Support | 1,48,500 โ 1,48,000 |
| Strong Support | 1,45,000 โ 1,40,000 |
| Immediate Resistance | 1,50,000 โ 1,52,000 |
| Strong Resistance | 1,55,000 โ 1,60,000 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Strike | 1,49,000 |
| Downside Trigger | 1,48,000 |
| Upside Trigger | 1,50,000 |
PCR Analysis Today
| Strike | PCR | Interpretation |
|---|---|---|
| 145000 | Strong | Solid support zone |
| 148000 | Moderate | Base support |
| 150000 | Balanced | Key battle zone |
| 155000 | Weak | Call resistance |
| 160000 | Heavy Calls | Major hurdle |
๐ Bias: Bullish above 1,50,000, weak below 1,48,000
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | 1,49,000 โ 1,50,000 |
Intraday Strategy (Option Chain Based)
| Scenario | Expectation | Trade Strategy |
|---|---|---|
| Above 1,50,000 | Upside toward 1,52,000 / 1,55,000 | CE Buy |
| Below 1,48,000 | Downside toward 1,45,000 / 1,40,000 | PE Buy |
| 1,48,000 โ 1,50,000 | Sideways / Premium decay | Avoid Trade |
Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Mild Positive |
| RSI | Neutral bullish |
| Price Action | Consolidation after decline |
| Stochastic RSI | Cooling |
| Volume | Selective participation |
Trading Meaning
MCX Gold is consolidating near Rs. 1,49 lakh zone after recent correction. Traders should watch Rs. 1,50,000 for breakout continuation. If price slips below Rs. 1,48,000, fresh selling pressure may emerge. Inside the range, premium decay can dominate, so breakout trades are preferable.
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