Updated on 22 April 2026 @ 6.00 AM
Nifty 50 Option Chain Strategy Today (28 April Expiry)
Today’s Options Trade Setup
| Instrument |
Trade |
Buy Zone |
Target |
Stop Loss |
| Nifty |
24700 CE Buy |
Rs. 150 – 180 |
Rs. 260 / 380 |
Rs. 100 |
| Nifty |
24500 PE Buy |
Rs. 200 – 230 |
Rs. 350 / 480 |
Rs. 130 |
Execution Plan
| Condition |
Action |
| Below 24500 |
Buy 24500 PE |
| Above 24700 |
Buy 24700 CE |
| 24500 – 24700 |
No Trade Zone |
🔽 Read More
👉 Bank Nifty Strategy (28 April Expiry): Trade Setup + Key Levels + Pro Insights
Why This Strategy?
| Factor |
Observation |
| Closing Price |
24576 (near pivot zone & resistance cluster) |
| Trend |
Short-term bullish, medium-term bearish, long-term bullish |
| Resistance Zone |
24600 – 24700 (heavy call writing visible) |
| RSI |
59.66 (bullish but near overbought zone) |
| Option Data |
Strong put base at 24450–24500, call resistance at 24600–24700 |
Support and Resistance (Option Chain Based)
| Type |
Levels |
| Immediate Support |
24500 – 24450 |
| Strong Support |
24260 – 24000 |
| Immediate Resistance |
24600 – 24700 |
| Strong Resistance |
25000 – 25250 |
Key Levels
| Level Type |
Price |
| Pivot Strike |
24600 |
| Downside Trigger |
24500 |
| Upside Trigger |
24700 |
PCR Analysis Today
| Strike |
PCR |
Interpretation |
| 24450 |
2.01 |
Strong support |
| 24500 |
1.21 |
Strong support |
| 24550 |
1.28 |
Support |
| 24600 |
0.83 |
Resistance |
| 24650 |
– |
Data gap |
| 24700 |
– |
Strong resistance |
👉 Bias: Bullish above 24700, weak below 24500
Max Pain Today
| Metric |
Level |
| Max Pain Zone |
24550 – 24600 |
Intraday Strategy (Option Chain Based)
| Scenario |
Expectation |
Trade Strategy |
| Above 24700 |
Upside toward 25000 / 25250 |
CE Buy |
| Below 24500 |
Downside toward 24260 / 24000 |
PE Buy |
| 24500 – 24700 |
Sideways / Premium decay |
Avoid Trade |
Technical View Today
| Indicator |
Signal |
| Momentum |
Strong bullish with continuation |
| Bollinger Band |
Price near upper band — breakout zone |
| ADX |
23.45 — trend active |
👉 Trading Meaning: Nifty is trading near a crucial resistance zone (24600–24700) with strong support at 24500. Option chain clearly indicates a range-bound structure between 24500–24700. Traders should avoid mid-range trades and wait for breakout above 24700 for upside momentum or breakdown below 24500 for downside move.
Also Read
Market Analysis by Nagaraj Shetti
Stock Market today by Vaishali Parekh
Sumeet Bagadia’s Breakout Calls
Market Analysis by HDFC Securities
Derivative Analysis by Samco Securities
Commodity Radar
Currency Analysis
Quicklinks
Nifty CE PE today
What is Nifty Max Pain today? The current Max Pain level is near 23400.
What is Nifty PCR today? PCR indicates neutral to bearish sentiment with call writers active above 23500.
What are Nifty support levels today? Strong support is visible near 23300–23250.
What is Nifty resistance today? Immediate resistance is placed near 23400–23500.
