Nifty spot chart analysis for 08.09.2022
Nifty is standing just below a super strong resistance of 17635.
If nifty crosses over 17635 then it may also cross 17684 and may reach to the level of 17731.
Between 17731 to 17780 is an extremely strong resistance zone.
If nifty crosses over 17780 then it may reach 17829 and then 17880.
if nifty moves down from where it left off then it may cross 17586 and may take support on 17535,
17535 is a strong support nifty may take a good up move from here.
If nifty crosses down below 17535 then it may easily cross 17489 and may reach to the level of 17442.
If nifty crosses down 17442 then it may take bounce back from bounce back zone.
IT IT HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17880 AND REACH TO THE HIGHER LEVELS.
If nifty crosses over 17635 then it may also cross 17684 and may reach to the level of 17731.
Between 17731 to 17780 is an extremely strong resistance zone.
If nifty crosses over 17780 then it may reach 17829 and then 17880.
if nifty moves down from where it left off then it may cross 17586 and may take support on 17535,
17535 is a strong support nifty may take a good up move from here.
If nifty crosses down below 17535 then it may easily cross 17489 and may reach to the level of 17442.
If nifty crosses down 17442 then it may take bounce back from bounce back zone.
IT IT HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17880 AND REACH TO THE HIGHER LEVELS.
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