Reliance Industries Ltd Option Chain Strategy Today (28 April Expiry)
Today’s Options Trade Setup
| Instrument |
Trade |
Buy Zone |
Target |
Stop Loss |
| Reliance |
1300 PE Buy |
Rs. 34 – 38 |
Rs. 55 / 75 |
Rs. 25 |
| Reliance |
1340 CE Buy |
Rs. 17 – 21 |
Rs. 30 / 45 |
Rs. 12 |
Execution Plan
| Condition |
Action |
| Below 1310 |
Buy 1300 PE |
| Above 1335 |
Buy 1340 CE |
| 1310 – 1335 |
No Trade Zone |
Why This Strategy?
| Factor |
Observation |
| Closing Price |
Rs. 1315.10 (near pivot zone) |
| Trend |
Short & medium-term bearish |
| Resistance Zone |
1330 – 1350 (call writing + DMA zone) |
| RSI |
39.97 (weak momentum) |
| Option Data |
Heavy call writing at 1330–1350, strong downside bias |
🔽 Read More
👉 SBIN Option Strategy (28 April Expiry): Trade Setup + Key Levels + Pro Insights
Support and Resistance (Option Chain Based)
| Type |
Levels |
| Immediate Support |
1310 – 1300 |
| Strong Support |
1299 – 1282 |
| Immediate Resistance |
1330 – 1340 |
| Strong Resistance |
1350 – 1370 |
Key Levels
| Level Type |
Price |
| Pivot Strike |
1320 |
| Downside Trigger |
1310 |
| Upside Trigger |
1335 |
PCR Analysis Today
| Strike |
PCR |
Interpretation |
| 1300 |
0.51 |
Weak support |
| 1320 |
0.37 |
Bearish positioning |
| 1350 |
0.35 |
Strong resistance |
Max Pain Today
| Metric |
Level |
| Max Pain Zone |
1310 – 1320 |
Intraday Strategy (Option Chain Based)
| Scenario |
Expectation |
Trade Strategy |
| Above 1335 |
Upside toward 1340 / 1350 |
CE Buy |
| Below 1310 |
Downside toward 1300 / 1282 |
PE Buy |
| 1310 – 1335 |
Sideways / Premium decay |
Avoid Trade |
Technical View Today
| Indicator |
Signal |
| Momentum |
Bearish |
| Price Position |
Below key moving averages |
| ADX |
28.38 (moderate trend strength) |
👉 Trading Meaning: Weak structure with strong call resistance at 1330–1350 — prefer breakdown trades below 1310; upside only if 1335 sustains.
