Nifty spot chart analysis for 02.01.2023

Nifty is standing just inside a strong support zone of 18111 to 18067.

Nifty is standing just inside a strong support zone of 18111 to 18067.

between 18210 to 18259 is an Extremely strong resistance.

if nifty crosses over 18259 then it may also cross 18302 and may reach 18349.

if nifty moves down below 18067 then it may also cross 18020 and may reach to the level of 17976.

if nifty moves down below 17976 then it may take support on 17926.

If nifty crosses down 17926. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 18349 tomorrow and reach higher levels.