Market Overview For 18th November 2022
November 18, 2022 by Ayush Anjana · 2 min read

The Indian broader indices opened with a slight gap down and headed higher consolidating for the most part of the weekly expiry day till 3pm post which both indices saw a fall where banknifty fell more than 150 points from the high and nifty nearly 80 points
Nifty Daily Chart
- Nifty trading within 18450 and 18250 range
- With the broader trend positive , strength to follow once the range’s high of 18450 is taken out
- With trendline support as well as the gap open area after us inflation data 18250 will be the support
Nifty 45 Minute chart analysis
- Nifty opens with a gap down and heads higher getting rejected around 18420 levels
- Key levels to watch for are 18450 on the upside and 18250 on the downside
- A trendy move any side the range is broken and sustained for more than 15 minutes
Nifty 15 Minutes chart https://www.tradingview.com/x/PpJ19KuP/
Banknifty Daily Chart
- Banknifty heading higher with compressed range along the trendline support based upon the daily time frame
- Banknifty trading within an inside bar range of 42300-42625
- With the broader trend being positive , strength to follow once 43600 is broken
- Weakness only below 41900
Banknifty 45 Minute chart analysis
- banknifty opens with a slight gap down around 42366 and heads higher towards 42570 levels
- Key levels to watch are 42600 on the upside and 42250 on the downside
- Trendy move once this range is broken any side
Banknifty 15 Minute chart https://www.tradingview.com/x/X8SNx1nJ/