Market Overview For 15th December 2022

December 15, 2022 by Ayush Anjana · 2 min read


The Broader Indian market opened with a gap up and consolidated for a while where banknifty after bouncing from yesterday’s high went till 44140 levels getting rejection and closing around 44000 and nifty consolidated with a bearish structure for intraday

Nifty Daily Chart 

  • Nifty opens with a gap up yet could not close above 18680
  • Range visible for nifty is 18680-18450
  • Strength to follow once 18680 is broken on daily close with crucial support around 18450

Nifty 45 Minute chart analysis 

  • Nifty opens with a gap up opening but could not sustain above 18680 and fell closing around fresh low of the day
  • Key levels to watch for in intraday are 18680 on the upside and 18550 on the lower end
  • We may witness a trendy move outside the range if sustained for more than 15 Minutes 

Nifty 15 Minute chart

Banknifty Daily Chart


  • Banknifty opens with a gap up getting rejected around 44150 , closes around 44000
  • banknifty has been respecting the trendline support on daily chart which can be drawn from 37466 levels 
  • Although banknifty strength looks weak with yesterday’s structure , momentum to continue until we close below 43850

Banknifty 45 Minute chart analysis 

  • Banknifty opens with a gap above 44000 retrace back to yesterday’s high level and bounced back with momentum till 44150 getting rejected and closing around 44000
  • Until we are above 43950 , we may witness the momentum to continue 
  • Key levels to watch if 43950 is broken on downside  are 43950 and 43600

Banknifty 15 Minute chart