Nifty spot chart analysis for 20.10.2022
Nifty is standing just below a strong resistance zone of 17535 to 17586.
if nifty moves above 17586 then it may also cross 17635 and may reach 17684.
between 17684 to 17731 is an Extremely strong resistance.
if nifty crosses over 17731 then it may also cross 17780 and may reach 17829.
if nifty moves down below 17535 then it may also cross 17489 and may reach to the level of 17442.
if nifty moves down below 17442 then it may take support on 17393.
If nifty crosses down 17393. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17829 tomorrow and reach higher levels.
if nifty moves above 17586 then it may also cross 17635 and may reach 17684.
between 17684 to 17731 is an Extremely strong resistance.
if nifty crosses over 17731 then it may also cross 17780 and may reach 17829.
if nifty moves down below 17535 then it may also cross 17489 and may reach to the level of 17442.
if nifty moves down below 17442 then it may take support on 17393.
If nifty crosses down 17393. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17829 tomorrow and reach higher levels.
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