Market Overview For 3rd January 2022

January 2, 2023 by Ayush Anjana · 1 min read


The Broader Market opened nearly flat and started heading higher where nifty went till 18200 and bank nifty till 43350 , consolidating for the day both indices ended at the high of the day

Nifty Daily Chart 

  • Nifty closing just at the resistance level of 18200
  • Nifty trading in an inside bar formation with a range visible of 18000 and 18280
  • The structure looks bullish until we break below 18000 on a closing basis

Nifty 45 Minute chart analysis

  • Nifty opened around 18000 and started heading higher till 18200 where it got rejected yet afterwards closed at the high of the day
  • Key levels to watch are 18080 and 18280

Nifty 15 Minute chart

Banknifty Daily Chart 

  • Banknifty opened around 43000 and closed above 43200 
  • Currently banknifty looks rangebound between 42900 and 43600
  • We can see good strength once 43600 is crossed on a daily basis 

Banknifty 45 Minute chart analysis 

  • banknifty opened flat and headed higher till 43350 getting rejected retested the open of the day and bounced closing around 43200
  • Key levels to watch are 42900 and 43500
  • Once 43500 is taken out we can expect some bounce

Banknifty 15 Minute chart