Nifty spot chart analysis for 22.08.2022

Nifty is standing just below a strong resistance of 17780.

if nifty moves above 17780 then it may reach to the level of 17829.

between 17829 to 17880 is an Extremely strong resistance.

if nifty crosses over 17880 then it may also cross 17926 and may reach to the of 17976.


if nifty moves down below 17731 then it may also cross 17684 and may reach to the level of 17635.

If nifty crosses down 17586. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17979 AND REACH TO THE HIGHER LEVELS.