I’m holding a November expiry 59000-call on Bank Nifty. I bought it for ₹543, and my target is ₹1,000. Should I hold this or exit? – Anish Das
Nifty Bank (58,200): The index has been steadily gaining since the beginning of October. The price action indicates that the uptrend is strong and there are no signs of weakness yet.
As per the chart, the nearest potential resistance is at 59,000. A breakout of this can lift the Nifty Bank to 59,500 and 60,000 in the near future.
We expect the index to reach 59,000 soon. Since you are holding November expiry options, you have less time decay risk and more time for the rise to 59,000 to play out.
Given the current conditions, if Nifty Bank hits 59,000 within the next couple of weeks, the premium of the 59,000-call option can rise to ₹900-950.
While we cannot rule out the possibility of the premium touching ₹1,000, driven by a quicker rally or increased implied volatility, setting a lower target will increase the probability of a profitable exit.
Therefore, we suggest holding a 59000-call (November) on Bank Nifty, with a target of ₹900. That said, we also recommend placing a stop-loss at ₹380.
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Published on October 23, 2025
