Nifty spot chart analysis for 03.10.2022

Nifty is standing just above a strong support of 17068.

if nifty move above 17068 then it may also cross 17125 and may reach to the level of 17182.

between 17182 to 17238 is an Extremely strong resistance.

if nifty crosses over 17238 then it may also cross 17292 and may reach to the level of 17340.


if nifty moves down below 17068 then it may also cross 17008 and may reach to the level of 16951.


if nifty moves down below 16951 then it may also cross 16892 and may reach to the level of 16840.


If nifty crosses down 16840. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17340 AND REACH TO THE HIGHER LEVELS.