NIFTY50

The image displays an ongoing intraday trading position in NIFTY50 options. Here's a quick analysis:

1. Instrument: You are trading a NIFTY 50 put option with a strike price of 24,250, expiring on November 28, 2024 (NIFTY241128P24250).

2. Price Levels:

Current price: ₹138.95

Entry price: Likely around ₹127.20, as indicated on the chart.

Target: ₹205.00 (green zone suggests profit-taking level).

Stop-loss: ₹110.65 (red zone suggests loss-cutting level).

3. Risk-Reward Ratio:

Risk: ₹16.55 per lot (~13%).

Reward: ₹77.80 per lot (~61.16%).

4. Trend Insight:

The candlestick pattern on the 15-minute chart shows consolidation.

Momentum seems neutral, with no strong breakout visible yet.




If NIFTY's trend weakens, this put option could gain value. Ensure you monitor volume and volatility for clearer signals. Would you like live insights or strategies for adjusting this position?