Nifty spot chart analysis for 07.10.2022

Nifty is standing just below a strong resistance zone of 17340 to 17393.

if nifty moves above 17393 then it may also cross 17393 and may reach 17442.

between 17442 to 17489 is an Extremely strong resistance.

if nifty crosses over 17489 then it may also cross 17535 and may reach 17586.

if nifty moves down below 17292 then it may also cross 17238 and may reach to the level of 17182.

if nifty moves down below 17182 then it may take support on 17125.

If nifty crosses down 17125. then it may take bounce back from bounce back zone.

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