Overview of the Nifty 06Feb25 23400 CE
In today’s dynamic stock market, seizing timely opportunities is vital for traders aiming for short-term gains. This blog post presents an enticing intraday-buy opportunity with the Nifty 06Feb25 23400 call option (CE), perfect for active investors looking to capitalize on the latest market movements.
Entry Price and Target Analysis
The recommended entry price for this call option lies between ₹ 305 – 308. With a promising target of ₹ 350, this presents a potential return of approximately 14.75%. Investors looking to embrace intraday strategies will find this compelling, especially when considering the relatively short holding period.
Risk Management: Stop Loss Strategy
While the target may seem attractive, it’s crucial to employ a sound risk management strategy. The suggested stop-loss is set at ₹ 270, which results in a loss limit of 11.48%. This approach ensures that your capital remains protected while still making the most of the market’s upward movement.
To sum it up, the Nifty 06Feb25 23400 CE offers a practical intraday-buy recommendation with clear entry and target prices. By adhering to the proposed stop-loss, investors can navigate the market more confidently and potentially realize their profit goals.
