Nifty spot chart analysis for 26.07.2022

Nifty is standing below strong resistance of 16668.

if nifty crosses over 16668 then it may reach 16722.

between 16722 to 16780 is an Extremely strong resistance.

if nifty crosses over 16780 then it may also cross 16840 and may reach to the level of 16892.
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if nifty moves down below 16612 then it may also cross 16543 and may reach to the level of 16482.

if nifty moves down below 16612 then it may also cross 16543 and may reach to the level of 16482.

If nifty crosses down 16423. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 16840 AND REACH TO THE HIGHER LEVELS.