We are providing below the Nifty prediction for today to help you get a clear perspective that how the market will unfold today.
Nifty Spot View: 15/11/2022
Cmp: 18329.15
Support & Downside Range: 18310-- 18259--18103
Resistance & Upside Range: 18450--18512
Short-Term Trend Reversal Level: -- 17920
Trading View: The intraday trading bias remains bullish till nifty trading above 18310 spot levels and in such case, we are open for an upside minimum of 18450 and max of 18512 as intraday upside levels whereas in today's trading session 18450 is a key rest to watch if this holds than again nifty remains in a narrow range of 18350—18450 but if nifty able to break 18450 and sustain above it for 15-30 mins then move gets extend intraday towards 18512.
Options writer's perspective for 17th Nov expiry
18300 combined call & put premiums were trading at 225 on 11th Nov that time and today on 15th Nov it's trading at 158 now, so options writers are able to eat 67 points of premium in this strike and we still have 2 more days to go