Why This Strategy?
| Factor |
Observation |
| Closing Price |
Rs. 1369.60 (near pivot zone) |
| Trend |
Short-term bullish, medium-term bullish, long-term bullish |
| Resistance Zone |
1380 – 1400 (heavy call writing zone) |
| RSI |
62.46 (bullish but not overheated) |
| Option Data |
Put support near 1360, call resistance near 1380–1400 |
Support and Resistance (Option Chain Based)
| Type |
Levels |
| Immediate Support |
1365 – 1360 |
| Strong Support |
1350 – 1340 |
| Immediate Resistance |
1380 – 1390 |
| Strong Resistance |
1400 – 1410 |
Key Levels
| Level Type |
Price |
| Pivot Strike |
1370 |
| Downside Trigger |
1360 |
| Upside Trigger |
1380 |
PCR Analysis Today
| Strike |
PCR |
Interpretation |
| 1340 |
1.54 |
Strong support |
| 1350 |
1.48 |
Support zone |
| 1360 |
1.09 |
Neutral-positive |
| 1370 |
0.38 |
Resistance emerging |
| 1380 |
0.26 |
Heavy resistance |
| 1390 |
0.11 |
Strong call wall |
👉 Bias: Bullish above 1380, weak below 1360
Max Pain Today
| Metric |
Level |
| Max Pain Zone |
1370 – 1380 |
Intraday Strategy (Option Chain Based)
| Scenario |
Expectation |
Trade Strategy |
| Above 1380 |
Upside toward 1390 / 1400 |
CE Buy |
| Below 1360 |
Downside toward 1350 / 1340 |
PE Buy |
| 1360 – 1380 |
Sideways / Premium decay |
Avoid Trade |
Technical View Today
| Indicator |
Signal |
| Momentum |
Positive with healthy trend continuation |
| Bollinger Band |
Price below upper band Rs. 1443 — room for upside |
| ADX |
23.62 — trend active |
| MACD |
Positive crossover intact |
👉 Trading Meaning: Axis Bank remains structurally bullish, but short-term traders should respect the 1380 resistance zone. Fresh momentum trade only above 1380, while 1360 breakdown can trigger quick downside. Inside range, option premium decay may dominate.
