Market Overview For 10th October 2022
October 10, 2022 by Ayush Anjana · 2 min read

The Broader Indices opened with a gap down on friday with a follow down move in the first half of the session followed by a bounce where banknifty futures made a new day’s high at closing and nifty closed within the day’s range
Among the sectoral indices , nifty Media was the strongest and Nifty Fmcg was the weakest index on friday
Nifty Futures
Daily Chart
- Nifty Futures opened with a gap down tested the 17220 level and bounced back from the same level
- Nifty Futures looks range bound between 17200-17250
- We can see the trendy move to continue once the range is broken either side
Nifty Futures 45 Minute chart analysis
- Nifty Futures opened with a gap down , retested the 17220 breakout level and bounced back closing above 17300
- Key levels to watch are 17220 on the downside and 17450 on the upside
- As per the intraday structure once 17450 is taken out we can see good up move
- Downside momentum to continue only if 17200 is taken out and sustained for more than 15 Minutes
Nifty Futures 15 Minute chart https://www.tradingview.com/x/FYqe2ULj/
Banknifty Futures
Daily Chart
- banknifty Futures opened gap down below 39200 but on a closing basis bounced back closing above 39200
- banknifty Futures looks 39200 and 39800
- Closing below 39200 , bank nifty will reenter the previous consolidation range
Banknifty Futures 45 Minute chart
- banknifty futures opened with a gap down tested the 38900 level and bounced back
- Key level to watch for are 38900 on the downside and 39800 on the upside
- Rangebound between 38900-39800
Banknifty Futures 15 Minute chart https://www.tradingview.com/x/IIJlbTMU/