Why Nifty 24800 Level Changes Everything for Options Traders

The 24,800 level has been in play since Monday. Each test saw decreasing volume on the sell side and increasing buying pressure at the level. By Thursday, the pattern was unmistakable — sellers were exhausted. Key observations from the session: - Volume dried up below 24,820 on each test - OI buildup at 24,800 PE suggested strong writer support - The bounce off the third test came with 2x average volume

Before price even confirmed the bounce, options flow was already signaling the move. 24,800 PE writers were adding positions aggressively during the morning session, while 25,000 CE saw fresh buying. The put-call ratio at the 24,800 strike moved from 0.8 to 1.4 within the first hour — a clear sign that smart money expected the support to hold.

For those who caught it, the setup was straightforward: 1. Wait for the third test of 24,800 2. Confirm with a 15-min candle close above 24,820 3. Enter 25,000 CE with a stop below 24,780 4. Target: Previous day high at 25,100 Risk-reward came out to roughly 1:3, which is exactly the kind of setup we look for in expiry week trades.