Nifty spot chart analysis for 06.10.2022
Nifty is standing just below a strong resistance zone of 17292 to 17340.
if nifty move above 17340 then it may also cross 17393 and may reach to the level of 17442.
between 17442 to 17489 is an Extremely strong resistance.
if nifty crosses over 17489 then it may also cross 17535 and may reach to the level of 17586.
if nifty moves down below 17238 then it may also cross 17182 and may reach to the level of 17125.
if nifty moves down below 17125 then it may take support on 17068, 17068 is a strong support.
If nifty crosses down 17068. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17586 AND REACH TO THE HIGHER LEVELS.
if nifty move above 17340 then it may also cross 17393 and may reach to the level of 17442.
between 17442 to 17489 is an Extremely strong resistance.
if nifty crosses over 17489 then it may also cross 17535 and may reach to the level of 17586.
if nifty moves down below 17238 then it may also cross 17182 and may reach to the level of 17125.
if nifty moves down below 17125 then it may take support on 17068, 17068 is a strong support.
If nifty crosses down 17068. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17586 AND REACH TO THE HIGHER LEVELS.
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