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

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