Banknifty daily analysis for13/10/22(weekly expiry)
Banknifty on the daily time frame has form another inside candle and tomorrow expiry can be a trending one.
The market has been consolidating in a narrow range and taking resistance from its 20 DMA.
Market opens flat and remained in a up trend in the second half. The market has closed between both the moving averages.
On 15 minute time frame, the market seems to form a bullish moving averages cross over.
Support:- 38930, 38640, 38530
Resistance:- 39160, 39390, 39520
Markets are trading in a broader range of 800 points.
Wait for the price action near the levels before entering the market.
The market has been consolidating in a narrow range and taking resistance from its 20 DMA.
Market opens flat and remained in a up trend in the second half. The market has closed between both the moving averages.
On 15 minute time frame, the market seems to form a bullish moving averages cross over.
Support:- 38930, 38640, 38530
Resistance:- 39160, 39390, 39520
Markets are trading in a broader range of 800 points.
Wait for the price action near the levels before entering the market.
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