Nifty spot chart analysis for 19.12.2022

Nifty is standing just above a strong support of 18259.

Nifty is standing just above a strong support of 18259.

between 18393 to 18444 is an Extremely strong resistance.

if nifty crosses over 18444 then it may also cross 18493 and may reach to the level of 18547.


if nifty moves down below 18259 then it may also cross 18210 and may reach to the level of 18160.


if nifty moves down below 18160 then it may take support on 18111.

If nifty crosses down 18111. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 18547 tomorrow and reach higher levels.