SBIN Option Chain Strategy Today (28 April Expiry)
Today’s Options Trade Setup
| Instrument |
Trade |
Buy Zone |
Target |
Stop Loss |
| SBIN |
1070 PE Buy |
Rs. 22 – 26 |
Rs. 40 / 60 |
Rs. 16 |
| SBIN |
1080 CE Buy |
Rs. 18 – 22 |
Rs. 32 / 48 |
Rs. 13 |
Execution Plan
| Condition |
Action |
| Below 1065 |
Buy 1070 PE |
| Above 1080 |
Buy 1080 CE |
| 1065 – 1080 |
No Trade Zone |
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👉 Option Chain Strategy
Why This Strategy?
| Factor |
Observation |
| Closing Price |
Rs. 1071.50 (near pivot zone) |
| Trend |
Short-term bearish, medium & long-term bullish |
| Resistance Zone |
1075 – 1085 (heavy call writing zone) |
| RSI |
51.19 (neutral momentum) |
| Option Data |
Call dominance at 1075–1085, weak put base |
Support and Resistance (Option Chain Based)
| Type |
Levels |
| Immediate Support |
1065 – 1060 |
| Strong Support |
1056 – 1036 |
| Immediate Resistance |
1075 – 1085 |
| Strong Resistance |
1095 – 1115 |
Key Levels
| Level Type |
Price |
| Pivot Strike |
1070 |
| Downside Trigger |
1065 |
| Upside Trigger |
1080 |
PCR Analysis Today
| Strike |
PCR |
Interpretation |
| 1060 |
0.94 |
Mild support |
| 1070 |
0.62 |
Bearish positioning |
| 1080 |
0.28 |
Strong resistance |
| 1090 |
0.29 |
Call dominance |
👉 Bias: Weak below 1065, bullish only above 1080
Max Pain Today
| Metric |
Level |
| Max Pain Zone |
1070 – 1080 |
Intraday Strategy (Option Chain Based)
| Scenario |
Expectation |
Trade Strategy |
| Above 1080 |
Upside toward 1095 / 1115 |
CE Buy |
| Below 1065 |
Downside toward 1056 / 1036 |
PE Buy |
| 1065 – 1080 |
Sideways / Premium decay |
Avoid Trade |
Technical View Today
| Indicator |
Signal |
| Momentum |
Neutral to weak |
| Price Position |
Near resistance zone |
| ADX |
33.72 (strong trend presence) |
👉 Trading Meaning: SBIN is stuck near resistance with weak short-term structure. Prefer sell-on-rise or breakdown trades below 1065; upside only if 1080 sustains convincingly.
