Nifty spot chart analysis for 24.08.2022
Nifty is standing just below a strong resistance zone of 17585 to 17635.
if nifty moves above 17635 then it may also cross 17684 and may reach 17731.
between 17731 to 17780 is an Extremely strong resistance.
if nifty crosses over 17780 then it may reach 17829.
if nifty moves down below 11535 then it may also cross 17489 and may reach to the level of 17442.
if nifty moves down below 17442 then it may take support on 17393.
If nifty crosses down 17393. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17829 AND REACH TO THE HIGHER LEVELS.
if nifty moves above 17635 then it may also cross 17684 and may reach 17731.
between 17731 to 17780 is an Extremely strong resistance.
if nifty crosses over 17780 then it may reach 17829.
if nifty moves down below 11535 then it may also cross 17489 and may reach to the level of 17442.
if nifty moves down below 17442 then it may take support on 17393.
If nifty crosses down 17393. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17829 AND REACH TO THE HIGHER LEVELS.
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