Market Overview For 30th November 2022

November 30, 2022 by Ayush Anjana · 1 min read

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The Broader Indices opened nearly flat and started going up with good momentum yesterday where both nifty and banknifty faced some rejection and there was some selloff in the end of the trading session

Nifty Daily Chart 

  • Nifty happens to give a ATH closing yet there was the momentum missing once 18600 was crossed
  • Range visible for nifty around 18400-18650
  • The broader trend is positive with crucial support around 18150

Nifty 45 Minute chart analysis 

  • Nifty post opening started going up , facing some rejection around 18680 levels fell and closed below previous day’s high
  • Key levels to watch for will be 18450 on the downside and 18680 on the upside

Nifty 15 Minute chart https://www.tradingview.com/x/IoV7YaQu/

Banknifty Daily Chart 

  • Banknifty opened nearly flat and started going up with strong momentum but again got rejected from 43280 level showing a double top on smaller time frames
  • Range visible for bank nifty between 43300-42600
  • Broader trend is positive with crucial support around 42200

Banknifty 45 Minute chart analysis 

  • Banknifty starts with a good upside momentum gets rejected from 43280 closing around day’s open
  • Key levels to watch for are 43280 on the upside and 42950 on the downside

Banknifty 15 Minute chart https://www.tradingview.com/x/ezyqFqvN/

LET’S WORK TOGETHER