BankNifty 28 Oct Option Put 52100: Key Analysis
đŠ English Version BankNifty 28 Oct Option Put 52100: Key Analysis The BankNifty 28th October option put at 52100 is showing a potential bullish move for option buyers. If this contract stays above ₹22, technical indicators suggest that it may reach ₹50 in the upcoming sessions. The level of ₹22 acts as an important support zone, while ₹50 may act as a resistance or profit-booking area. Technical Outlook Support Zone: ₹22 Target Zone: ₹50 Trend View: Positive if above ₹22 Time Frame: Till 28th October expiry If BankNifty weakens in the coming days, the put value may appreciate rapidly due to volatility and delta movement. However, traders should keep a close eye on price action and open interest data to confirm the trend. Trading Psychology Option trading requires patience and discipline. Traders should set stop losses and avoid emotional decisions. A steady approach can help maximize gains while minimizing losses. --- Disclaimer I am a trader, not a financial expert. T...