Market Overview For 10th February 2023

February 10, 2023 by Ayush Anjana · 1 min read


The broader Market Indices opened flatish and started going down where banknifty tested 41260 and nifty tested 17780 and bounced in a v shape where both indices closed positive flat again

Nifty Daily Chart 

  • Nifty sustains one more day above 17850 
  • Currently range visible is 17650-18250
  • We can see strength until nifty trades above 17650 on closing basis

Nifty 45 Minute chart analysis 

  • Nifty opened flat and slided down till 17770 and bounced closing at fresh high of the day
  • The structure on smaller time frame looks good until nifty trades above 17770 which has been tested and nifty pivoted multiple times
  • Key levels to watch are 17770 on the downside and 18000 on the upside

Nifty 15 Minute chart

Banknifty Daily Chart 

  • Banknifty trading in an inside bar range of 41000-41800
  • On smaller time frame , we can observe that any sort of weakness is getting bought and v shape structures have repeated
  • Once this inside bar range is broken  , we can see a trendy move

Banknifty 45 Minute chart analysis 

  • banknifty opened flat and slided down till 41250 and bounced closing above 41500
  • Currently bank nifty looks rangebound between 41250-41800
  • We can see good strength once 41750-41800 is taken out 

Banknifty 15 Minute chart