From TradingView · · 1m
Nifty 50 setup for September 16 trading
Technical trader identifies a put option entry point with strict risk management rules.
In brief
Technical trader identifies a put option entry point with strict risk management rules. Always use stop losses and defined targets when trading index options. Originally reported by TradingView.
Nifty 50 put option setup
Trader Scorpion_King identifies a put option entry at 23050 strike for the Nifty 50 index, valid if the index stays below 23060 levels.
“23050 PE buy. If nifty 50 stays below 23060 levels.”
Entry and exit targets marked
The chart shows specific entry and exit targets for the trade, with clear profit-taking levels defined for traders to follow.
Strict stop loss required
The trader emphasizes following strict stop loss levels to protect against downside risk and limit potential losses on the position.
“Follow strict SL and Target.”
Technical analysis foundation
The setup uses chart patterns and technical indicators to identify the trading opportunity on the Nifty 50 index.
Not financial advice
TradingView disclaims that this analysis is not financial, investment, or trading advice. Traders should conduct their own research before acting.
Here's the gist
Always use stop losses and defined targets when trading index options.
