Nifty spot chart analysis for 01.08.2022

Nifty is standing just below a strong resistance of 17182.

if nifty crosses above 17182 then it may also cross 17238 and may reach to the level of 17292.

between 17292 to 17349 is an Extremely strong resistance.

if nifty crosses over 17340 then it may reach to the level of 17393.


if nifty moves down below 17125 then it may also cross 17068 and may reach to the level of 17008.



if nifty moves down below 17008 then it may also cross 16951 and may reach to the level of 16892.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17442 AND REACH TO THE HIGHER LEVELS.