Updated on 29 June 2026 @ 7.00 AM
Nifty Levels Today: Support, Resistance, Option Chain & Trade Setup
Nifty closed at 24,056 and continues to trade above its 20, 34, 50 and 89-day moving averages, indicating that the short-term trend remains positive. While the medium- and long-term trends are still bearish, momentum indicators have improved and suggest that the index is attempting to extend its recovery.
A sustained move above 24,199 could trigger fresh buying towards 24,341–24,564, while failure to hold 23,976 may lead to profit booking towards 23,896–23,674.
Today’s bias remains cautiously bullish, with traders advised to monitor the 24,199 resistance and 23,976 support for intraday direction.
Key Nifty Levels Today
| Level | Price |
|---|---|
| Support 1 | 23,976 |
| Support 2 | 23,896 |
| Pivot | 24,119 |
| Resistance 1 | 24,199 |
| Resistance 2 | 24,341 |
Chanakya View
👉 Above 24,200: Buy on dips for targets of 24,340–24,565.
👉 Above 24,340: Fresh momentum buying may push Nifty towards 24,565–24,785.
👉 Below 23,975: Profit booking could drag the index towards 23,895–23,675.
👉 Between 23,975–24,200: Expect consolidation with option premium erosion.
Nifty Option Chain Strategy Today
Today’s Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
| Nifty 24200 CE | Buy Above 24,200 | Rs. 58–65 | Rs. 90 / 120 | Rs. 42 |
| Nifty 24100 CE | Buy On Dip | Rs. 100–110 | Rs. 145 / 180 | Rs. 75 |
| Nifty 24000 PE | Buy Below Support | Rs. 64–72 | Rs. 95 / 125 | Rs. 48 |
Why This Trade?
• Nifty continues to trade above the 20, 34, 50 and 89-day moving averages, confirming improving short-term momentum.
• Short-term trend remains Bullish, while medium- and long-term trends are still Bearish.
• RSI at 56.97 indicates strengthening momentum without entering overbought territory.
• MACD remains positive with a rising histogram, supporting continuation of the ongoing recovery.
• ADX at 15.27 indicates the trend is still developing and not yet very strong.
• Option chain shows aggressive Call writing near 24,200–24,300, making this the immediate resistance zone.
• Strong Put positioning around 24,000 indicates solid downside support.
• Stochastic and Williams %R continue to favour buyers on declines.
Support and Resistance
| Type | Levels |
| Immediate Support | 23,976 – 23,896 |
| Strong Support | 23,674 – 23,451 |
| Immediate Resistance | 24,199 – 24,341 |
| Strong Resistance | 24,564 – 24,787 |
Key Levels
| Level Type | Price |
| Pivot Point | 24,119 |
| Downside Trigger | 23,975 |
| Upside Trigger | 24,200 |
| Major Resistance | 24,341 |
| Strong Support | 23,896 |
PCR Analysis Today
| Strike | PCR Interpretation |
| 24000 | Strong Put support (PCR 1.45) |
| 24050 | Neutral Support (PCR 1.00) |
| 24100 | Call & Put Battle Zone (PCR 0.78) |
| 24150 | Call Writers Active (PCR 0.55) |
| 24200 | Heavy Call Writing (PCR 0.47) |
| 24250 | Strong Resistance (PCR 0.19) |
Bias: Bullish above 24,200, while 23,975 remains the key downside trigger.
Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
| Max Pain Zone | 24,100–24,200 |
Execution Plan
| Condition | Action |
| Above 24,200 | Buy 24200 CE |
| Above 24,340 | Add Long Positions |
| Below 23,975 | Buy 24000 PE |
| 23,975–24,200 | No Aggressive Trade |
Technical View Today
| Indicator | Signal |
| Momentum | Bullish |
| RSI | 56.97 |
| ADX | 15.27 (Developing Trend) |
| MACD | Positive |
| DMI | Bulls Slightly Ahead |
| ATR | 272.08 |
| Bollinger Bands | Trading Near Upper Band |
| StochRSI | Bullish |
Pro-Level Upgrade (What Big Players Do)
• Continue buying on dips as long as Nifty holds above 23,975.
• Fresh momentum buying is likely only after a decisive breakout above 24,200.
• Partial profit booking is advisable near 24,340–24,565.
• Maintain strict stop losses because geopolitical headlines may increase volatility.
• Option writers are defending the 24,200–24,300 zone aggressively, making it the key breakout hurdle for today’s session.