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JIOFIN

NSE: JIOFIN • Financial Services

₹329.25

+4.30 (+1.32%)

Trade Setups

Intraday Trading Strategy

Based on current price action and options volume data

Bullish Setup (Above ₹330)

• Entry: Break above ₹330 with volume confirmation
• Targets: ₹332 → ₹335 → ₹338
• Stop Loss: ₹328.50 (below support)

Bearish Setup (Below ₹328)

• Entry: Break below ₹328 with volume confirmation
• Targets: ₹325 → ₹322 → ₹320
• Stop Loss: ₹330.50 (above resistance)

Intraday Key Levels

Strong Resistance ₹330

Current Price ₹329.25

Immediate Support ₹328

Strong Support ₹325

Short Term Strategy (1-2 Weeks)

Based on technical structure and options positioning

Bullish Position

• Entry Zone: ₹320-₹325 (accumulate on dips)
• Targets: ₹335 → ₹340 → ₹350
• Stop Loss: ₹315 (closing basis)
• Time Horizon: 7-10 trading sessions

Technical Rationale

• Strong options support at ₹320 with high Put volume (15.76L)
• Breakout above ₹330 could trigger short covering rally
• RSI shows positive momentum building
• Resistance at ₹330 needs to be cleared for next leg up

Long Term Investment (1-3 Months)

Based on fundamental strength and sector outlook

Accumulation Strategy

• Entry Zone: ₹300-₹310 (value buying zone)
• Targets: ₹380 → ₹400 → ₹420
• Stop Loss: ₹290 (only for aggressive traders)
• Horizon: 3-6 months for full targets

Investment Rationale

• Part of Reliance ecosystem with strong growth potential
• Financial services sector showing strong growth momentum
• Increasing market share in digital finance space
• Consistent institutional buying observed

Market Overview

SENSEX

Expiring Tomorrow

83,350.70

-82.19 (-0.10%)

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Sector

Financial Services

+1.25%

Outperforming

Options Data Analysis

Key insights from options chain

Volume Concentration

Call Volume 45.73L @ ₹330

Put Volume 15.76L @ ₹320

Max Pain Point

₹325

Price where most options expire worthless

Key Observations

• Significant call writing at ₹330 resistance
• Strong put support at ₹320 level
• OI increase in ATM calls indicates bullish bias
• PCR at 0.85 shows slight bearish sentiment

Risk Management

Expiry: Options expiring tomorrow - expect volatility

• Position size should not exceed 2% of capital
• Maintain 1:2 risk-reward ratio minimum
• Watch SENSEX movement for market direction
• Respect technical levels shown in analysis

Technical Analysis Explanation

Price Action Analysis

JIOFIN is currently trading at ₹329.25, showing strength with a 1.32% gain. The stock faces immediate resistance at ₹330 where significant call options volume (45.73L) is concentrated. This creates a psychological barrier and potential supply zone.

On the downside, strong support exists at ₹325 and ₹320 levels. The ₹320 level has the highest put open interest (15.76L) indicating strong defense by bulls. The current price is consolidating near the upper end of its range, suggesting potential breakout if market sentiment improves.

Options Data Interpretation

The options chain reveals several important patterns:

• Call Concentration: Heavy call writing at ₹330 creates a resistance wall
• Put Support: Significant put positions at ₹320 provide strong support
• Max Pain: ₹325 is the price that would cause maximum loss to option buyers
• PCR Ratio: Put-Call ratio of 0.85 shows slight bearish sentiment

This setup suggests range-bound trading between ₹320-₹330 with breakout potential in either direction.

Trading Tip: For intraday, wait for confirmed breakout above ₹330 or below ₹328 with volume confirmation before entering positions. Options expiry tomorrow may increase volatility.

JIOFIN Stock Analysis

Technical analysis and trade setups based on market data. Not financial advice.

Data as of 10:36 AM IST

Next update at market close

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For educational purposes only. Consult a financial advisor before making investment decisions.