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Below the Pre-Market Commentary on Nifty & Bank Nifty for 13th October 2026 by Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking

 Pre- Market Commentary

Nifty

CMP: 22,363.35

Index has formed a sizable bearish candle which looks like a bearish Dark cloud cover, highlighting selling pressure at higher levels. Nifty started the session on a positive note but failed to sustain at higher levels and gave up its gains to drag sharply lower in the mid-session to close around the 22,350 levels.  

Nifty is currently trading with high volatility in the broad range of 22,180-22,650. Only a breakout or breakdown will signal the next directional movement in the index.

On the downside a breach below April 2026 low and last week low of 22,180 will signal extension of decline towards the 22,000 and CY2025 low of 21743.

On the higher side only a move above 22,600-22,650 will open further pullback towards 22,800 and 23,100 levels.

 Intraday Levels for Nifty

Resistance: 22,480 and 22,600
Support:  22,260 and 22,180

Bank Nifty

CMP: 54,918,00

Bank Nifty formed a bearish candle which remained enclosed inside previous session price range signaling consolidation with corrective bias around the 55,000 levels.

Going ahead, a follow through up move above 55,500 will signal extension of the pullback towards 55,900 and 56,500 levels in the coming sessions being the recent breakdown area.

Failure to move above 55,500 will signal some consolidation in the range of 54,000-55,500 levels in the coming sessions.

Index has key short-term support at 53,500-54,000 being the confluence of the last month low and the key retracement of the previous up move

Intraday Levels for Bank Nifty

Resistance: 55,170 and 55,500

Support: 54,650 and 54,380

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