Hindalco Option Chain Strategy Today (28 April Expiry)
Today’s Options Trade Setup
| Instrument |
Trade |
Buy Zone |
Target |
Stop Loss |
| Hindalco |
1000 PE Buy |
Rs. 30 – 34 |
Rs. 55 / 75 |
Rs. 22 |
| Hindalco |
1030 CE Buy |
Rs. 16 – 20 |
Rs. 30 / 45 |
Rs. 11 |
Execution Plan
| Condition |
Action |
| Below 1005 |
Buy 1000 PE |
| Above 1030 |
Buy 1030 CE |
| 1005 – 1030 |
No Trade Zone |
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👉 Nifty Option Chain Strategy
Why This Strategy?
| Factor |
Observation |
| Closing Price |
Rs. 1011.45 (near upper band & pivot zone) |
| Trend |
Strong bullish across all timeframes |
| Resistance Zone |
1020 – 1030 (call writing zone) |
| RSI |
66.35 (bullish but near overbought) |
| Option Data |
Strong put base near 1000, call resistance at 1020–1030 |
Support and Resistance (Option Chain Based)
| Type |
Levels |
| Immediate Support |
1005 – 1000 |
| Strong Support |
996 – 981 |
| Immediate Resistance |
1020 – 1030 |
| Strong Resistance |
1053 – 1088 |
Key Levels
| Level Type |
Price |
| Pivot Strike |
1010 |
| Downside Trigger |
1005 |
| Upside Trigger |
1030 |
PCR Analysis Today
| Strike |
PCR |
Interpretation |
| 1000 |
1.08 |
Strong support |
| 1010 |
0.74 |
Neutral |
| 1020 |
0.61 |
Resistance building |
| 1030 |
0.39 |
Call dominance |
👉 Bias: Bullish above 1030, weak below 1005
Max Pain Today
| Metric |
Level |
| Max Pain Zone |
1000 – 1020 |
Intraday Strategy (Option Chain Based)
| Scenario |
Expectation |
Trade Strategy |
| Above 1030 |
Upside toward 1050 / 1088 |
CE Buy |
| Below 1005 |
Downside toward 996 / 981 |
PE Buy |
| 1005 – 1030 |
Sideways / Premium decay |
Avoid Trade |
Technical View Today
| Indicator |
Signal |
| Momentum |
Strong bullish |
| Bollinger Band |
Near upper band (overbought risk) |
| ADX |
17.82 (trend building phase) |
👉 Trading Meaning: Momentum is strong with bullish undertone, but overbought signals are visible. Only trade confirmed breakout above 1030 or breakdown below 1005 for high-probability setups.
