Nifty 50 Intraday Analysis – 28 May 2025
🕘 Pre-Market Data (Before 10 AM)
Futures OI Change: -2.9% (Low)
Lot Size: 75
ATM Strike: 24850
ATM IV: 24.9
IV Percentile: 96
India VIX: 18.5
PCR: 0.75
Max Pain: 24800
📈 Technical Chart Snapshot
Price has broken below the recent demand zone marked with BOS (Break of Structure). RSI showing some bullish divergence signs with a bounce from oversold territory. Resistance stands near 24,950–25,000, and support rests around the 24,700 zone.
📊 Option Chain Insights (Pre-10 AM)
High Call OI observed at 25,000, showing strong resistance. 24,800–24,750 PE strikes show high buildup, suggesting a critical support zone. PCR below 1 (0.75) favors bearish to neutral trend.
🔁 Updated Data – After 10 AM
Futures OI Change: +3.4% (Low)
Lot Size: 75
ATM Strike: 24800
ATM IV: 26.8
IV Percentile: 97
India VIX: 18.6
PCR: 0.73
Max Pain: 24800
🧠 Market Trend & Strength Post 10 AM
- Market Bias: Bearish consolidation near key support (PBL 24,700)
- Strength: Weak upside momentum, strong resistance overhead
- Option Activity: Continued buildup at 25,000 CE & 24,800 PE – indicating tight range
🎯 Trading Setup (After 10 AM)
- Buy CE Entry: Only above 24,860 breakout with strong volume
- Buy PE Entry: Below 24,700 breakdown with confirmation candle
- Target (R:R): Minimum 1:2
📈 Updated Chart Snapshot
📊 Option Chain Post 10 AM
Calls at 25,000 still dominate in OI. 24,800 strike now shows heavy activity on both sides, suggesting key pivot area for intraday range play.
📝 Conclusion
Intraday traders should watch 24,700–24,860 zone carefully. Breakout or breakdown from this range may trigger fast moves. Stay disciplined and wait for confirmation before entry.
📝 Conclusion
With ADX now at 15,Time 12.45 pm. the Nifty 50 shows a lack of strong trend — indicating sideways consolidation. The index is trapped between 24,700 support and 24,860 resistance. Intraday traders should remain cautious, avoid overtrading, and wait for a volume-supported breakout or breakdown.
🔍 Focus on breakout above 24,860 for long entries or breakdown below 24,700 for short trades, but only if supported by rising ADX or strong volume confirmation.