Market Overview For 13th December 2022

December 13, 2022 by Ayush Anjana · 2 min read


The Broader Indian market opened with a gap down where banknifty went till yesterday’s low and bounced sharply closing around 43675. Nifty tested 18350 and bounced closing around 18500

Nifty Daily Chart 

  • Nifty opens with a gap down and bounces back closing around day’s high
  • Even though the structure from last few day’s  looks bearish closing below previous day’s high
  • Good risk reward is offered for longs with 18400 as crucial support

Nifty 45 Minute chart analysis 

  • Nifty chances past few days pattern of opening high and closing low as it opens with gap down and closed around day’s high
  • Key levels to watch for are 18550 and 18400 on the downside

Nifty 15 Minute chart

Banknifty Daily Chart 

  • Banknifty opens with a gap down yet again happens to close above 43500
  • bank nifty has been acting strong for last couple of days against nifty which has been showing weakness
  • The trend is positive until above 43300

Banknifty 45 Minute chart analysis 

  • Banknifty opens with a gap down tests previous day’s low and bounced back sharply closing around 43675
  • Higher chances of a gap up opening post inflation data release as every time the bears strike , the bounce is even severe
  • Key levels to watch are 43580 and 43850 

Banknifty 15 Minute chart