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