Nifty 28 Oct Option Put 24700 May Go to ₹55 If It Stays Above ₹10 – A Trader’s View
đĸ English Section Title: Nifty 28 Oct Option Put 24700 May Go to ₹55 If It Stays Above ₹10 – A Trader’s View Introduction In the world of options trading, every move of the Nifty index carries meaning. Small shifts in price can create major opportunities, especially for those who understand market behavior. One such observation today revolves around the Nifty 28 October Put Option at the strike price of 24700. It’s currently trading near ₹10, and according to market analysis, if it holds above ₹10, the contract might potentially climb up to ₹55 in the coming days. But how realistic is this movement, and what should traders keep in mind? Let’s explore this in detail — from technical perspective to risk management. --- Understanding the 28 Oct 24700 Put Option The Put Option gives the buyer the right to sell the Nifty at 24700 before or on 28 October. If Nifty falls below 24700, the value of this option increases. Thus, traders buy Puts to benefit from a market fall or as pr...