Nifty spot chart analysis for 28.11.2022

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Nifty is standing just below a strong resistance zone of 18547 to 18599.

Nifty is standing just below a strong resistance zone of 18547 to 18599.

between 18700 to 18753 is an Extremely strong resistance.

if nifty crosses over 18753 then it may reach to the level of 18820.

if nifty moves down below 18493 then it may also cross 18444 and may reach to the level of 18393.

if nifty moves down below 18393 then it may take support on 18349.

If nifty crosses down 18349. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 18820 tomorrow and reach higher levels.