Nifty spot chart analysis for 30.01.2023

٢٩ يناير ٢٠٢٣

Nifty is standing just below a strong resistance zone of 17635 to 17684.

if nifty moves above 17684 then it may also cross 17731 and may reach 17780.

between 17780 to 17829 is an Extremely strong resistance.

if nifty crosses over 17829 then it may also cross 17880 and may reach 17926.

if nifty moves down below 17586 then it may also cross 17535 and may reach to the level of 17489.

if nifty moves down below 17489 then it may take support on 17442.

If nifty crosses down 17442. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 17880 tomorrow and reach higher levels.