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Published on 13-10-2026 11:38 am

HIGH RISK HIGH VOLATILE: BUY BANK NIFTY 55200 PUT OCT ABOVE 590.75 SL BELOW 510 TGT 625-663-710. 27 OCT

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Published on 13-10-2026 10:26 am

Intraday Rational :

• Trend - Supportive efforts from Fridays low

• Levels : Buy around last Thursdays lows .

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Published on 13-10-2026 10:26 am

Technical Outlook :

• The index formed a bearish candlestick after opening flat on Monday, reached an intraday high of 55 ,416 , and then fell sharply to settle around 54 ,918 . This price action resulted in a candlestick with a solid red real body and an extremely short lower wick, indicating that sellers aggressively controlled the late session following the Reserve Bank of India's liquidity tightening measures . The structure reflects a bearish rejection at the upper intraday range, failing to sustain follow -through momentum above the key 55 ,400 horizontal hurdle .

• Looking at the immediate technical hurdles, Bank Nifty has not been able to close above the 55360 –55370 level in the last 3 – 4 trading sessions and has made an identical high at this level . To gather true upward momentum, the index decisively needs a closing above this level which would confirm the resumption of the uptrend and open doors towards the 56400 -56600 levels . Failure to do so means Bank Nifty will consolidate within a strict range between 54330 -55300 .

• Sentiments in the banking space are also being significantly dragged down by the latest Reserve Bank of India (RBI) liquidity -tightening news . The central bank announced that the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for banks will be raised from 90 % to 99 % effective October 16 , 2026 . This aggressive withdrawal of operational flexibility, coupled with an upcoming Rs 25,000 crore government bond sale, is directly sucking excess liquidity out of the banking sector and putting acute pressure on Banking heavyweights .

• Despite this near -term compression, the structural framework remains intact as on a weekly basis, the index still maintains a distinct higher high and a higher low pattern .

• Among oscillators, weekly stochastics is placed at ~28 levels rebounding from oversold territory indicating impending pullback .

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Published on 13-10-2026 10:25 am

Nifty Bank : 54918

Technical Outlook

Day that was :

The equity benchmark failed to capitalise Friday’s up move as a surge in 10 -year treasury yields, rise in crude oil dented market sentiment . The Bank Nifty faced relentless selling pressure, dropping below its key 55 ,000 psychological mark to settle down at 54 ,918 (a loss of 338 points or 0 .61 % ) . PSU Bank relatively underperformed by declining 1 . 2 % .

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Published on 13-10-2026 10:25 am

Intraday Rational :

Trend – Resistance at 10-day EMA

Levels – Sell around 80% retracement of Mondays range

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