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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.