Nifty and Bank Nifty levels on 13 April 2023

 Nifty and Bank Nifty levels  on 13 April 2023 as 

The Nifty index has been moving within a range of 17650 to 18000, with some important levels in between. Let's take a closer look:

At the upper end of the range, we have the levels of 17800, 17850, 17900, and 17950. If the Nifty breaks above 17800, then we can expect an upward movement, and buying a Call Option (CE) can be considered. Additionally, the level of 17850 is crucial and can act as a major resistance for the market. If it breaks above this level, then an upside rally may occur.

Another important level to consider is 17770, which is an upward-sloping trend line. If the Nifty breaks above this level, then the market may move upwards, but if it breaks below this level, then a major fall may occur.

Within the range of 17750 to 17850, the market may do some time-passing, and any break above or below this range will determine the trend direction.

Now let's move on to Bank Nifty levels:

The Bank Nifty has been moving within a range of 41060 to 41950, with some important levels in between. If the Bank Nifty breaks the level of 41650, then buying a CE with a target above it is suggested. However, if it breaks the level of 41500, then only buying a Put Option (PE) is suggested, with a target at 41350. Additionally, the level of 41830 is a major support level, and any break below this level can lead to further downside movement

5 min Nifty chart with trend line

5 min Bank Nifty chart with trend line

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