Nifty spot chart analysis for 01.12.2022

Nifty is standing just inside a strong resistance zone of 18753 to 18820.

if nifty moves above 18820 then it may also cross 18888 and may reach 18944.

between 18944 to 18998 is an Extremely strong resistance.

if nifty crosses over 18998 then it may reach to the level of 19053.


if nifty moves down below 18753 then it may also cross 18700 and may reach to the level of 18651.

if nifty moves down below 18651 then it may take support on 18599.

If nifty crosses down 18599. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 19053 tomorrow and reach higher levels.