Nifty spot chart analysis for 11.10.2022
Nifty is standing just inside a strong resistance zone of 17238 to 17292.
if nifty moves above 17292 then it may also cross 17340 and may reach 17393.
between 17393 to 17442 is an Extremely strong resistance.
if nifty crosses over 17442 then it may also cross 17489 and may reach 17535.
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.
If nifty crosses down 17068. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17535 tomorrow and reach higher levels.
if nifty moves above 17292 then it may also cross 17340 and may reach 17393.
between 17393 to 17442 is an Extremely strong resistance.
if nifty crosses over 17442 then it may also cross 17489 and may reach 17535.
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.
If nifty crosses down 17068. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17535 tomorrow and reach higher levels.
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