Nifty 20 Oct 24700 Put Option Analysis – May Reach ₹50 if Holds Above ₹17 | Market Outlook & Disclaimer
đ Blog Title: Nifty 20 Oct 24700 Put Option: Possible Upside If It Holds ₹17 Level --- đŠ English Version Nifty 20 Oct 24700 Put Option Outlook The Nifty 20 October 24700 Put option is showing interesting behavior in the current market. If this option remains above ₹17, it may have the potential to move toward ₹50 in the coming sessions. This scenario reflects a possible downside movement in Nifty, as a rise in the put option value generally indicates bearish sentiment or hedging activity. Technical View Support Zone: ₹17 is acting as an important support level. Resistance Target: If sustained above ₹17, the next major resistance could appear near ₹50. Trend Outlook: As long as the option stays above ₹17, bullish momentum for the option (bearish for the index) might continue. Market Sentiment Currently, market participants are closely monitoring the Nifty 25200 and 25100 zones. Any weakness below these levels could trigger further buying in the 24700 Put, driving its price...