Nifty spot chart analysis for 30.09.2022

Nifty is standing just above a super strong support zone of 16840 to 16780.

if nifty moves above 16840 then it may also cross 16892 and may reach 16951.

between 16951 to 17008 is an Extremely strong resistance.

if nifty crosses over 17008 then it may also cross 17068 and may reach 17125.


if nifty moves down below 16780 then it may also cross 16722 and may reach to the level of 16668.

if nifty moves down below 16668 then it may take support on 16612.

If nifty crosses down 16612. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 17125 tomorrow and reach higher levels.