Market Overview For 10th March 2023
March 9, 2023 by Ayush Anjana · 1 min read

The broader Market opened flat where both indices corrected after getting rejected from yesterday’s high as nifty fell to 17590 and banknifty till 41250
Nifty Daily Chart
- Even after a good close yesterday , nifty opened flat and got rejected from yesterday’s high and the 17800 resistance level
- Currently the structure is sell on rise until we close above 17850
- Range visible is 17850 and 17350
Nifty 45 Minute chart analysis
- Nifty on intraday basis was weak from the open as it got rejected near yesterday’s high and closed below 17600
- Key levels to watch will be 17800 and 17450
- We can face some weakness if we break 17450 level and sustain below it
Nifty 15 Minute chart https://www.tradingview.com/x/q2jhYu0f/
Banknifty Daily Chart
- Banknifty fell below 41350 after getting rejection from yesterday’s high
- Currently 41700-41750 is an important resistant level above which only fresh positional longs will make sense
- Range visible is 40900-41750
Banknifty 45 Minute chart analysis
- Banknifty opened with a gap down tested yesterday’s high where it got rejected and fell one way down till 41250
- Again closing below 41350 does not look good
- Key levels to watch will 41700 and 41000
Banknifty 15 Minute chart https://www.tradingview.com/x/ButJMHBY/