Daily Morning Report – 13/10/2026

Date 13.10.2026

Technical Summary Nifty

As discussed yesterday market behavior remained on the expected lines during the day, as supportive buying opened the nifty near to our breakout level 22589 i.e. open of 22593.2, rally from there up to 22651.1 i.e. near to our target of 22658 but failed to sustain at high and slide near to our support of 22314.

i.e. day low of 22304.45

Further a bearish candle appeared on daily chart of nifty suggest that underlying bearish trend remains firmly in place and selling pressure at high hence if nifty decisively breakdown 22292 then it may slide further up to 22221 to 22150. If more supply will accentuate then it may have chances to test 22078.

Furthermore, this candle saved the previous low. By forming a higher low, it keeps hope alive for buyers despite the firm bearish trend. Consequently, if buyers succeed in finding supportive buying, a decisive breakout above 22435 could spark a rally toward 22507 and 22577. If demand continues to intensify, Nifty may even test 22649.

Bank nifty:

• Previous close: 54,918.00, down 65 points (-0.61%); intraday range approximately 54,709–

55,416.

• Immediate support: 54,720–54,550
• Major support: 54,000.
• Immediate resistance: 55,100–55,300
• Major resistance: 55,500-55800
• Bias: Cautious to bearish below 55,300. Holding 54,700 may support consolidation; a decisive break could extend selling pressure

Open Interest Analysis:

NIFTY 50: The 13 October expiry snapshot shows total call OI of about 25.87 crore and put OI of 15.29 crore, giving a PCR near 0.59. The largest call-OI concentration is at 22,600 (about 1.77 crore), while the largest put-OI concentration is at 22,000 (about 1.29 crore). Max pain is around 22,400. The low PCR and heavy call OI above spot indicate cautious-to-bearish positioning, with 22,600 as key resistance and 22,000 as the broader put-OI support reference. Since expiry is today, intraday unwinding and rapid OI shifts may be significant.

BANK NIFTY: The available OI snapshot places max pain near 55,500, with 55,000 as the key nearby support reference and 56,000 as the major call-OI resistance. With the index closing at 54,918—below max pain—upside may encounter supply around 55,300–55,600 and then 56,000.

3.  Pivot Levels:

Classic pivot levels calculated from 12 October 2026 OHLC data.

4.  FII / DII Activity:

• FII: a net sale of ₹1708.48
• DII: a net purchase of ₹3045.02

5.  International Cues:

• Crude oil: Brent rose to around US$106/barrel after a near-US$2 rise on Monday, as Gulf supply and shipping risks heightened concerns.
• Asian markets: Regional equities were weaker/cautious in early trading amid geopolitical risk and higher energy costs.
• US markets: US equities finished mixed; investors continue to weigh earnings, inflation expectations and elevated Treasury yields.
• Currency and rates: The rupee strengthened on Monday following RBI measures, but elevated crude and US yields remain macroeconomic headwinds.
• Domestic triggers: Monitor crude, geopolitical headlines, FII/DII flows, rupee movement and Q2 earnings. Nifty weekly expiry on 13 October may amplify intraday volatility.

Overall View

Indian equities gave back Friday’s recovery on Monday as a sharp rise in crude prices and renewed geopolitical concerns erased early gains. Nifty fell 0.70% to 22,363.35 and Bank Nifty declined 0.61% to 54,918.00. The near-term tone remains cautious, with weak Nifty OI positioning and expiry likely to amplify moves. Nifty needs to reclaim 22,500–22,600 and Bank Nifty 55,300–55,600 to improve momentum; otherwise, support zones remain vulnerable.