Market Overview For 24th November 2022

November 24, 2022 by Ayush Anjana · 1 min read


The broader Indian Indices opened with a gap up , where nifty consolidated for the whole day and banknifty after consolidation gave a upmove till 42850 but there was a rejection around that level and banknifty closed around 42700

Nifty Daily Chart

  • Nifty opens with a gap up around 18320 and fills the gap closing around 18250
  • Trading within the upward parallel channel on daily 
  • Rangebound between 17950-18450 , Upside momentum to continue once 18450 is taken out on closing basis 

Nifty 45 Minute chart analysis 

  • Nifty Opening with a gap up but from the initial tick there was a selling pressure closing around day’s low
  • Key levels to watch are 18200 on the downside 18450 on the upside

Nifty 15 Minute chart

Banknifty Daily Chart 

  • Banknifty gives a breakout from the 41900-42600 range and closes above 42700
  • Highly likely the uptrend momentum to continue until we dont fall back below 42600
  • Crucial support around 42200 now

Banknifty 45 Minute chart analysis 

  • banknifty closes above 42700 which is a positive indication
  • Highly likely upside momentum to continue in banknifty post the 41600 breakout
  • Key levels to watch for will be 42500 on the downside and 42850 on the upside

Banknifty 15 Minute chart