Market Overview For 28th December 2022

December 28, 2022 by Ayush Anjana · 2 min read


The broader Market Indices opened with a gap up on tuesday , with a initial pause there was rejection at high level due to which banknifty corrected nearly more than 500 points from high and nifty more than 150 points

Nifty Daily Chart

  • Nifty gives closing above 18100 ending the session near to day’s high
  • 18200 will be an important level as we can expect a pullback till there and then the correction continues
  • Currently Nifty looks rangebound between 18200 and 17800

Nifty 45 Minute Chart Analysis:-

  • Nifty opens with a gap up and corrects nearly 1% from the high , taking support around 17960 it bounced back and closed near to day’s high
  • Key levels to watch will be 18050 on the downside and 18200 on the upside
  • We can expect some weakness if we break 18000 and sustains for more than 15 Minutes

Nifty 15 Minute chart

Banknifty Daily Chart

  • Bank nifty approaching the 43000 support turned resistance
  • Banknifty trend is rangebound between 43000 and 41500 
  • If again there is rejection from the 43000 level in spite of good intraday momentum we can witness a negative pullback testing the 43000 resistance

Banknifty 45 Minute chart analysis 

  • Banknifty opens with a gap up , getting rejected from 42920 level it corrected till 42400 , taking support it bounced and closed near day’s high
  • We can see good momentum once 43000 is taken out and sustained 
  • Key levels to watch are 43000 on the upside and 42650 on the downside

Banknifty 15 Minute chart