Part 1 Support and Resistance

What Are Options?

Options are derivative contracts, which means their value is derived from an underlying asset such as stocks, indices, commodities, or currencies. In India, the most traded options revolve around:

Nifty 50

Bank Nifty

FinNifty

Stocks in the F&O list

An option contract gives a trader a right but not an obligation. This is what separates option buyers from option sellers.