Nifty Spot Chart analysis for 05.07.2022

Nifty is standing inside a strong resistance zone of 15829 to 15880.

if nifty crosses 15880 then it may also cross 15931 and may reach to the level of 15980.

between 15980 to 16044 is an Extremely strong resistance.

if nifty crosses over 16044 then it may reach to the level of 16100.
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if nifty moves down below 15829 then it may take support on 15777 , 15777 is a strong support.

if nifty crosses below 15777 then it may also cross 15723 and may to the level of 15663.

If nifty crosses down 15663. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 16100 AND REACH TO THE HIGHER LEVELS.