Nifty spot chart analysis for 29.07.2022
Nifty is standing just below a strong resistance zone of 16951 to 17008.
if nifty crosses above 17008 then it may also cross 17068 and may reach to the level of 17125.
between 17125 to 17182 is an Extremely strong resistance.
if nifty crosses over 17182 then it may reach to the level of 17238.
if nifty moves down below 16896 then it may also cross 16840 and may reach to the level of 16780.
if nifty moves down below 16780 then it may reach to the level of 16722.
If nifty crosses down 16722. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17239 AND REACH TO THE HIGHER LEVELS.
if nifty crosses above 17008 then it may also cross 17068 and may reach to the level of 17125.
between 17125 to 17182 is an Extremely strong resistance.
if nifty crosses over 17182 then it may reach to the level of 17238.
if nifty moves down below 16896 then it may also cross 16840 and may reach to the level of 16780.
if nifty moves down below 16780 then it may reach to the level of 16722.
If nifty crosses down 16722. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17239 AND REACH TO THE HIGHER LEVELS.
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