Market Overview For 14th November 2022

November 14, 2022 by Ayush Anjana · 2 min read


The broader Indian Indices opened with a strong gap up post the Us inflation data release and strong global clues where nifty post the gap up headed higher and banknifty started coming down towards 41900 and bounced closing around 42130. Among the sectoral indices Nifty IT was the strongest , followed by metals

Nifty Daily Chart

  • Nifty gives a flag pattern breakout closing above 18300
  • Crucial support area around 17950 which has been respected on multiple occasion of weak openings
  • With the broader trend being strongly positive , higher chances of all time high resistance being tested 
  • Post the Us inflation key thing to check is whether the gap becomes run away or gets filled 

Nifty 45 Minute chart analysis 

  • Nifty opens with a strong gap up opening and heads higher closing at near to day’s high
  • Key levels to watch on the downside will be 18180 and 18365 (PDH) on the upside
  • Weakness only if nifty goes below 18180 again 

Nifty 15 Minute chart

Banknifty Daily Chart

  • Banknifty gives highest ever closing on weekly chart
  • Post the Us inflation data bank nifty opens with a gap and consolidates
  • Upon the broader structure banknifty is looking strong 
  • Crucial support around 40800

Banknifty 45 Minute chart analysis 

  • Post the gap up opening around 42250 banknifty slides down and test 41900 level and bounced back closing around 42130 levels
  • Key levels to watch for are 41900 on the downside and 41300 on the upside
  • With the momentum on upside we can see strong upmove once 41300 is taken out and sustained for more than 15 Minutes

Banknifty 15 Minutes chart