Nifty spot chart analysis for 26.08.2022

Nifty is standing just below a strong resistance of 17535.

if nifty moves above 17535 then it may reach to the level of 17586.

between 17586 to 17635 is an Extremely strong resistance.

if nifty crosses over 17635 then it may also cross 17684 and may reach 17731.


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.