Tata Steel 28 October 160 Call Option May Go to ₹42 If It Stays Above ₹14 | Full Analysis with Disclaimer
đŠ Blog Title: Tata Steel 28 October 160 Call Option May Go to ₹42 If It Holds Above ₹14 — Detailed Option Analysis and Disclaimer --- đ English Version (≈2300 words) đ Introduction Tata Steel’s options have once again caught the attention of traders in the October expiry series. The 28 October 160 call option has shown strong buying interest, and many traders believe that if it stays above ₹14, it could move sharply toward ₹42. This article explains in detail the logic behind this view — combining technical analysis, market psychology, and option chain data — while emphasizing the importance of risk management. --- đ Market Context Tata Steel, one of India’s largest steel producers, tends to move sharply whenever metal sector sentiment improves. The broader Nifty Metal index has been showing signs of strength, and that has reflected in Tata Steel’s option activity. The 160 call option represents a near-the-money strike that benefits if Tata Steel’s spot price rises abov...