Market Overview For 13th February 2023

February 12, 2023 by Ayush Anjana · 1 min read


The broader Market Indices opened with a gap down and consolidated where nifty ended negative closing around 17850 and bank nifty closed flat positive above 41500

Nifty Daily Chart 

  • Nifty ended flat above 17850 for the second day yet missing the momentum
  • We can witness a series of inside bar candles between 17600-17900
  • Crucial support around 17600 

Nifty 45 Minute chart analysis 

  • Nifty opened with a gap down and consolidated between 17800-17880
  • As we can observe that nifty has been hovering above 17800-17850 , we can see some strength 
  • Key levels to watch for rangebound market are 17800-17600
  • Weakness below 17600

Nifty 15 Minute chart

Banknifty Daily Chart

  • Banknifty consolidating in a tight range near the resistance of 41700-41750
  • Currently the range visible for bank nifty is 41750-41000
  • We can see good strength once we close above the resistance of 41750

Banknifty 45 Minute chart analysis 

  • Banknifty opened with a gap down around 41400 and bounced from the start and consolidated closing above 41500
  • Key levels to watch are 41250 on the downside and 41750 on the upside

Banknifty 15 Minute chart