Daily Morning Report – 13/07/2026

Date 13.07.2026

NIFTY OUTLOOK: 24206.90   FII 2603.72 cr    DII 2019.68 cr

(13th JUL – 17th JUL 2026)

As we discussed in the previous report dated 6th July 26 market behaviour remained on the expected lines during the week passed by as nifty start with positive movement, touched 24530 on upside, slip from there to weekly low 23805 i.e. near to our support of 23783 and finally gave weekly closing of 24206.9

Further a bearish spinning top type candle appeared on weekly chart of nifty reflects high volatility, intense tug-of-war between bulls and bears without a clear victor and indecision about nifty direction. weekly closing were below weekly open and previous week closing suggest diminishing of buying pressure which may give favour to bears. Hence if bears will take the charge of nifty then on decisively breakdown of 24041 nifty may slide upto 23877 to 23712. If more supply will accentuate then it may have chances to test 23547.

Furthermore a previous four weeks candle with higher high and almost near by same support appeared on weekly chart of nifty suggest buyers strength, hence if bulls will take the control then on successfully taken out 24371 nifty may rally further upto 24537-24633 to 24705. If more demand will accentuate then it may have chances to test 24867.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  58045.90  Pcr: 0.94 Max Ce OI on 59000 & Max Pe OI on 58000

On July 10, 2026, a Bank Nifty index was closed at 58045.90 (793.45) (1.39%). The total movement in the index was 675.25 during the trading session.  The index made a high of 58251.95 and a low of 57576.70.

Technical view:

Important support and resistance level of Bank nifty are 57480 and 58610 respectively.

Intraday Support and resistance level of Bank nifty are 57860 and 58230 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 58.4. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 8 out of 8 SMA’s  (5, 10, 20, 30, 50, 100,150, 200 Day).

Bank nifty is trading below 0 out of 8 SMA’s.

One bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Belt Hold Uptrend 

Important Pivot Point Levels for Today          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549