Market Overview For 15th February 2023

February 15, 2023 by Ayush Anjana · 2 min read


The broader Market Indices opened with a gap up where nifty from the start headed higher and banknifty initially got rejected from 41400 fell till 41200 and bounced back closing at fresh day’s high

Nifty Daily Chart

  • Nifty breaks the inside bar range and the 17850 resistance 
  • Nifty also gives a breakout from the downward parallel channel 
  • We can see some strength with overhead resistance around 18250 but with overnight fed speech , tomorrow’s close will be important

Nifty 45 Minute chart analysis 

  • Nifty opened with a gap up above 17800 and headed higher from the start breaking the 17900 resistance , closed around 17920
  • Until nifty is above 17850 , we can see some strength in nifty
  • Key levels to watch are 17850 and 18000

Nifty 15 Minute chart

Banknifty Daily Chart 

  • Even though Nifty gave a breakout , banknifty closed within the range around 41600
  • Once 41750 is taken out , we can see good strength in the banking index
  • With crucial support around 41000

Banknifty 45 Minute chart analysis 

  • Banknifty opened with a gap up around 41400 and fell getting rejected till 41200 and bounced back closing at fresh day’s high around 41600
  • Key levels to watch are 41750 on the upside and 41200 on the downside which has been respected multiple times
  • In case of gap up above 41700-41750 which fails to give a follow through and falls back into the range , we can see some selling also

Banknifty 15 Minute chart