Market Overview For 13th October 2022

October 12, 2022 by Ayush Anjana · 2 min read


The Indian broader Indices opened gap up , remained highly volatile with both indices showing some strength at the closing of the session. All the sectoral indices closed positive on wednesday except for nifty media which ended flat negative

Nifty Futures 

Daily chart

  • Nifty futures forming an inside bar candle on daily chart
  • With overhead strong resistance around 17450 and 16940 as the support
  • Inside bar range getting broken either can give a good move 

Nifty Futures 45 Minute chart analysis

  • Nifty futures opened gap up and respecting yesterday’s low bounced back closing around 17120 levels
  • With inside bar resistance at 17250 and 16950 as support will be the key level to watch
  • Sustaining outside this range for more than 20 minutes we can see some followup move
  • Range expected for the expiry 17000-17250

Nifty Futures 15 Minute chart

Banknifty Futures 

Daily Chart

  • Banknifty futures trading within an inside bar formation
  • Inside bar range between 38700-39450
  • We can see follow up move once either side there is a break from the inside bar range

Banknifty Futures 45 Minute chart analysis

  • Banknifty opened with a slight gap up and tested yesterday’s low and consolidated for a good part of the session
  • Which ended in an day’s high breaking closing above 39200 on futures
  • Key levels to watch for are 39450 and 38700

Banknifty Futures 15 Minute chart