On a daily chart, Nifty closed below important support level, i.e. 17800,
As today was monthly expiry , from last 7 days there were heavy sell off by FIIs, From tomorrow we may expect either stop selling or start buying, hence, We may be surprised tomorrow,
If Nifty opened above positive and sustain above 18150, we can expect 18900 by 3rd Nov 2021 expiry. But if it continued trading below 17800, Next support level would be 17440,
Suggestion - Don't take any position till Nifty crosses 18200 or break 17700
Happy Trading
As today was monthly expiry , from last 7 days there were heavy sell off by FIIs, From tomorrow we may expect either stop selling or start buying, hence, We may be surprised tomorrow,
If Nifty opened above positive and sustain above 18150, we can expect 18900 by 3rd Nov 2021 expiry. But if it continued trading below 17800, Next support level would be 17440,
Suggestion - Don't take any position till Nifty crosses 18200 or break 17700
Happy Trading
