Market Overview For 27th December 2022

December 27, 2022 by Ayush Anjana · 1 min read


The broader Market Indices opened slightly up , tested previous day’s low and bounced where nifty gave more than 1% move and banknifty was up 2.3%

Nifty Daily Chart

  • Nifty respecting previous day’s low , bounced sharply closing above 18000
  • 17800 will now be important level for the bulls 
  • Nifty currently looks rangebound between 17800-18200

Nifty 45 Minutes chart analysis 

  • Nifty opens with a gap up , touches 17800 and bounced one way till 18085 from where it got rejection closing at 18000
  • The structure is still weak until we are below 18150-18200
  • Key levels to watch will be 17800 from where it bounced twice and 18200 on the upside

Nifty 15 Minute chart

Banknifty Daily Chart

  • banknifty retest the 41500-41600  previous all time high level and bounced with a big 2% plus candle
  • banknifty looks rangebound between 43000-41500
  • The structure is rangebound to weak until we trade below 43000

Banknifty 45 minute chart analysis 

  • Banknifty opens with a small gap up , retests previous day’s low respecting which it bounced with good momentum
  • Key levels to watch will be 43000 on the upside and 42300 on the downside

Banknifty 15 Minute chart