Nifty spot chart analysis for 12.07.2022

١١ يوليو ٢٠٢٢

Nifty is standing just above strong support of 16210.

if nifty moves up from where it left off then it may also cross 16266 and may reach to the level of 16320.

between 16320 to 16372 is an Extremely strong resistance.

if nifty crosses over 16372 then it may also cross then it may also cross 16423 and may reach to the level 16482.
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if nifty moves down below 16210 then it may take support on 16158 , 16158 is a strong support.

if nifty crosses below 16158 then it may also cross 16100 and may to the level of 16044.

If nifty crosses down 16044. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 16479 AND REACH TO THE HIGHER LEVELS.