Nifty spot chart analysis for 01.09.2022

Nifty is standing just below a strong resistance of 17780.

if nifty moves above 17780 then it may also cross 17829 and may reach 17880.

between 17829 to 17880 is an Extremely strong resistance.

if nifty crosses over 17880 then it may also cross 17926 and may reach 17976.


if nifty moves down below 17635 then it may also cross 17684 and may reach to the level of 17635.

if nifty moves down below 17635 then it may take support on 17586.

If nifty crosses down 17586. then it may take bounce back from bounce back zone.

it is highly unlikely that Nifty will cross 17586 tomorrow and reach higher levels.