Nifty spot chart analysis for 09.01.2023

Nifty is standing just above a strong support of 17829.

if nifty moves above 17880 then it may reach to the level of 17926.

between 17926 to 17976 is an Extremely strong resistance.

if nifty crosses over 17976 then it may also cross 18020 and may reach to the level of 18067.


if nifty moves down below 17780 then it may also cross 17731 and may reach to the level of 17684.

if nifty moves down below 17684 then it may take support on 17635.

if nifty moves down below 17684 then it may take support on 17635.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18111 AND REACH TO THE HIGHER LEVELS.