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.