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 https://www.tradingview.com/x/bniPrgpr/
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 https://www.tradingview.com/x/XNLhHEkB/