Nifty spot chart analysis for 29.12.2022

NSE:NIFTY   Nifty 50 Index
Nifty is standing just below a strong resistance zone of 18160 to 18210.

if nifty moves above 18210 then it may also cross 18259 and may reach 18302.

between 18302 to 18349 is an Extremely strong resistance.

if nifty crosses over 18349 then it may also cross 18393 and may reach 18444.

if nifty moves down below 18111 then it may also cross 18067 and may reach to the level of 18020.

if nifty moves down below 18020then it may take support on 17976.

If nifty crosses down 17976. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 18393 tomorrow and reach higher levels.

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