Market Overview For 14th December 2022

December 14, 2022 by Ayush Anjana · 1 min read

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The Broader Indian market opened with a gap up and started heading up with higher high and higher low structure where banknifty opened and broke all time high closing above 43900 and nifty around 18600

Nifty Daily Chart 

  • Nifty retests the 18450 and confirms a positive pullback closing around 18600
  • With the trend still positive , momentum to come once 18680 is broken 
  • Crucial support around 18450

Nifty 45 Minute chart analysis 

  • After the change in structure of yesterday’s with opening low and closing high , nifty opened with a gap up and headed higher
  • Key levels to watch are 18680 on the upside and 18450 on the downside

Nifty 15 Minute chart https://www.tradingview.com/x/doYafslf/

Banknifty Daily Chart 

  • Banknifty opens with a gap and breaks yesterday’s high to form new all time high
  • The correction towards 43300 was a retest and then upside pullback 
  • Momentum to continue until we trade above 43800 with crucial support for the trend at 43300

Banknifty 45 Minute chart analysis 

  • Banknifty opens with a gap up and makes a new all time high in the first 45 Minute of the session followed by upmove
  • Strong momentum to follow until we are above 43700 due to new ATH
  • Key levels to watch 43700 and 44000

Banknifty 15 Minute chart https://www.tradingview.com/x/yftxLlus/

LET’S WORK TOGETHER