Blog: Nifty 07 October Option – Potential to Move from ₹10 to ₹30pBlog: Nifty 07 October Option – সম্ভাবনা ₹10 থেকে ₹30 পর্যন্তब्लॉग: Nifty 07 October Option – संभावित बढ़त ₹10 से ₹30 तक
Blog: Nifty 07 October Option – Potential to Move from ₹10 to ₹30 English Section Introduction The Nifty 07 October option is currently trading above ₹10. For many traders, this has sparked attention because it reflects momentum and market sentiment in a key short-term option. Options, unlike stocks, can show rapid movements, and understanding the key support and resistance levels is crucial for planning trades. If the price does not fall to ₹8, there is potential for a strong upward move toward ₹30. But this is not guaranteed—it depends on market conditions, demand for the option, and trader behavior. Technical Analysis 1. Current Price Action Trading above ₹10 indicates bullish interest. Support at ₹8 is critical: if the option remains above this level, buyers are likely to step in. 2. Resistance and Target Levels Immediate resistance lies around ₹15–₹20. A break above ₹20 could accelerate the move toward ₹30 due to momentum trading and short-covering. 3. Momentum Indicat...