Nifty spot chart analysis for 08.07.2022

Nifty is standing just below strong resistance of 16158.

if nifty crosses 16266 then it may also cross 16320 and may reach to the level of 16266.

if nifty crosses 16266 then it may also cross 16320 and may reach to the level of 16266.

if nifty crosses over 16320 then it may also cross then it may also cross 16372 and may reach to the level 16423.
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if nifty moves down below 16131 then it may take support on 16100 , 16100 is a strong support.

if nifty crosses below 16100 then it may also cross 16044 and may to the level of 15980.

If nifty crosses down 15980. then it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 16479 AND REACH TO THE HIGHER LEVELS.