Market Overview For 4th October 2022

October 4, 2022 by Ayush Anjana · 1 min read


The Indian Broader Indices opened flat to bearish on Monday and followed on the downside . Nifty Futures ended up closing around 16889 (-1.21%) and bank nifty Futures ended up closing around 38159 (-1.67%) . Excluding pharma all the sectoral indices ended up losing value on monday

Nifty Futures

Daily Chart

  • Nifty Futures forming an inside bar on daily timeframe
  • The index looks rangebound between 16770-17225 
  • A close above 17225 will provide some strength to the bulls
  • And if friday’s low is broken on the downside we can see the trend resume on the downside

Nifty Futures 45 Minute chart analysis

  • Nifty futures opened flat to bearish  , bounced to the days high got rejected and show a selling pressure closing near to day’s low
  • Key levels to watch are 17225 and 16770 
  • The index may see some consolidation provided trading within the inside bar range of friday

Nifty Futures 15 Minute chart

Banknifty Futures 

Daily Chart

Banknifty Futures 45 Minute  chart analysis

  • Banknifty Futures also opened within the friday’s range sliding down from the opening
  • bank nifty was relatively weak than nifty 
  • Key levels to watch are 38700 (PDH) and 37600 (friday’s low)

Banknifty Futures 15 Minute chart