Nifty: Important levels for November series expiry

Nifty

November series has seen a decent up tick

Observations

- In the last couple of days above 18200, Volumes have dropped
- 18180 is an important level to watch out for the November series

Important levels to watch out for on the lower side 18180 / 18133 / 18036

Important levels to watch out for on the upside 18228 / 18304-18323 odd levels

With 2 and a half days to go, as of now expiry range likely to be between 18036 - 18323

Take care & safe trading...!!!

Comment:

Nifty respected all the levels on the upside as predicted

18228 - Yesterday Nifty respected the 18228 level and gave a breakout in the last 1 hour

Above 18228 the next level given was 18304-18323 zone - Nifty opened at 18325 and came down... Again tried to regain but failed in the zone at 18312

The yellow zone - Nifty traded the whole day today in the yellow zone marked in the chart above...
Still sticking to the view of Nifty expiry between 18036-18323

Trust the analysis has been helpful.

Comment:

A lot of activity seen in 18300 Put option

As of now Looks like 18300 is being protected.