Nifty Analysis for 3rd November
Nifty Analysis for 3rd November;
On Tuesday Nifty opened higher but rejected at 18000+ levels, it means 18000 is becoming more resistance and as per OI also it is a strong resistance.
On Tuesday nifty consolidated and formed a channel pattern,
Wednesday is an expiry day due to Diwali, On Wednesday nifty will consolidate either 17880-17950 zone
Or
17950-18031 zone.
Breakout of these consolidation zones will give us clear direction.
Immediate Support at
17880
Next support at
17770
Immediate Resistance at
17950
Next Resistance at
18030
On Tuesday Nifty opened higher but rejected at 18000+ levels, it means 18000 is becoming more resistance and as per OI also it is a strong resistance.
On Tuesday nifty consolidated and formed a channel pattern,
Wednesday is an expiry day due to Diwali, On Wednesday nifty will consolidate either 17880-17950 zone
Or
17950-18031 zone.
Breakout of these consolidation zones will give us clear direction.
Immediate Support at
17880
Next support at
17770
Immediate Resistance at
17950
Next Resistance at
18030
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