Nifty spot chart analysis for 18.07.2022

Nifty is standing just above strong support of 16044.

if nifty moves up from where it left off then it may also cross 16100 and may reach to the level of 16158.

between 16100 to 16158 is an Extremely strong resistance.

if nifty crosses over 16044 then it may also cross then it may also cross 15980 and may reach to the level 15931.


if nifty moves down below 15931 then it may take support on 15880 , 15880 is a strong support.

if nifty crosses below 15931 then it may also cross 15880 and may to the level of 15829.

If nifty crosses down 15829. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 16266 AND REACH TO THE HIGHER LEVELS.