Nifty spot chart analysis for 29.08.2022

Nifty is standing just above a strong support of 17535.

if nifty moves above 17586 then it may reach to the level of 17635.

between 17635 to 17684 is an Extremely strong resistance.

if nifty crosses over 17684 then it may also cross 17731 and may reach 17780.


if nifty moves down below 17489 then it may also cross 17442 and may reach to the level of 17393.

if nifty moves down below 17393 then it may take support on 17340.

If nifty crosses down 17340. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 17780 tomorrow and reach higher levels.