Nifty spot chart analysis for 17.08.2022
Nifty is standing just inside a strong resistance of 17829.
if nifty moves above 17829 then it may reach to the level of 17880.
between 17880 to 17926 is an Extremely strong resistance.
if nifty crosses over 17926 then it may also cross 17976 and may reach to the level of 18020.
if nifty moves down below 17780 then it may also cross 17731 and may reach to the level of 17684.
if nifty moves down below 17684 then it may take support on 17635.
If nifty crosses down 17635. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18020 AND REACH TO THE HIGHER LEVELS.
if nifty moves above 17829 then it may reach to the level of 17880.
between 17880 to 17926 is an Extremely strong resistance.
if nifty crosses over 17926 then it may also cross 17976 and may reach to the level of 18020.
if nifty moves down below 17780 then it may also cross 17731 and may reach to the level of 17684.
if nifty moves down below 17684 then it may take support on 17635.
If nifty crosses down 17635. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18020 AND REACH TO THE HIGHER LEVELS.
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