Nifty Trade Setup for July 13, 2026

Market sentiment improved over the last two sessions, with the Nifty 50 rising 1 percent on July 10, although the recovery remained within Wednesday's sharp correction. The index climbed back above its short- and medium-term moving averages, as well as the 100-day EMA, accompanied by an improvement in momentum indicators. However, it needs to decisively reclaim the 24,400 level (200-day EMA) to confirm a sustainable uptrend towards 24,600 and 24,800. Until then, range-bound trading is likely to continue, with immediate support placed at 24,000, followed by the crucial 23,800 level. A decisive break below 23,800 could push the market into a broader consolidation phase, according to experts.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (24,207)

Resistance based on pivot points: 24,226, 24,252, and 24,293

Support based on pivot points: 24,144, 24,118, and 24,077

Special Formation: The Nifty 50 formed a bullish candlestick with a minor upper shadow on the daily chart after a gap-up opening, and also moved above its 10-, 20-, and 100-day EMAs while sustaining above the 50-day EMA, signalling the potential for further recovery despite mild profit-booking at higher levels. It also reclaimed the falling resistance trendline and moved above the 23.6 percent Fibonacci retracement level of the recent rally from the June low to the July high. The Relative Strength Index (RSI) rose to 55.80 and is on the verge of a bullish crossover, while the Moving Average Convergence Divergence (MACD) remained above its signal line, with the green histogram bar expanding. All this indicates that the Nifty 50 is witnessing an improvement in short-term momentum after Wednesday's sharp correction.

2) Key Levels For The Bank Nifty (58,046)

Resistance based on pivot points: 58,216, 58,375, and 58,633

Support based on pivot points: 57,700, 57,541, and 57,283

Resistance based on Fibonacci retracement: 59,195, 61,717

Support based on Fibonacci retracement: 56,305, 56,441

Special Formation: On the daily chart, the Bank Nifty formed a long bullish candlestick with an upper shadow for the second consecutive session after a gap-up opening, indicating a healthy underlying trend. The index climbed back above its short-term moving averages while remaining above its medium- and long-term moving averages, with the short- and medium-term moving averages continuing to trend higher. The RSI jumped to 58.38, though it remained below its reference line, while the MACD stayed below its signal line even as the red histogram bar narrowed, indicating weakening bearish momentum.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 24,500 strike (with 1.4 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,200 strike (94.05 lakh contracts) and 24,300 strike (94 lakh contracts).

Maximum Call writing was observed at the 24,150 strike, which saw an addition of 21.73 lakh contracts, followed by the 24,600 and 24,250 strikes, which added 19.31 lakh and 16.48 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,000 strike, which shed 46.2 lakh contracts, followed by the 24,100 and 24,050 strikes which shed 29.12 lakh and 20.04 lakh contracts, respectively.

4) Nifty Put Options Data

On the Put side, the 24,000 strike holds the maximum Put open interest (with 1.05 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 24,200 strike (1.02 crore contracts) and the 23,800 strike (88.19 lakh contracts).

The maximum Put writing was placed at the 24,200 strike, which saw an addition of 75.15 lakh contracts, followed by the 24,150 and 24,000 strikes, which added 71.52 lakh and 53.28 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,500 strike band which shed 76,050 contracts, followed by the 24,600 and 24,700 strikes, which shed 53,755 and 27,690 contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 59,000 strike, with 20.16 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 58,000 strike (13.46 lakh contracts) and the 58,500 strike (7.84 lakh contracts).

Maximum Call writing was observed at the 58,600 strike (with the addition of 19,800 contracts), followed by the 58,800 and 57,600 strikes (16,920 contracts each). The maximum Call unwinding was seen at the 57,500 strike, which shed 1.11 lakh contracts, followed by the 58,300 and 58,000 strikes, which shed 51,630 and 49,680 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 58,000 strike holds the maximum Put open interest (with 12.8 lakh contracts), which can act as a key support level for the index in the short term. This was followed by the 59,000 strike (12.31 lakh contracts) and the 57,500 strike (4.89 lakh contracts).

The maximum Put writing was placed at the 58,000 strike (which added 3.18 lakh contracts), followed by the 57,800 strike (98,280 contracts) and 57,900 strike (78,720 contracts). The maximum Put unwinding was seen at the 57,300 strike, which shed 26,820 contracts, followed by the 57,400 and 59,000 strikes, which shed 19,290 and 8,070 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped to 1.25 on July 10, from 0.94 compared to previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

India VIX, which measures expected market volatility, turned favourable for the bulls over the last two sessions after spiking sharply on Wednesday, falling 8.31 percent to close at 12.25. The volatility index slipped below its short-term moving averages, signalling a supportive environment for the bulls. A further decline towards the 10-11 zone would provide additional comfort to the bullish camp.

10) Long Build-up (103 Stocks)

A long build-up was seen in 103 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (11 Stocks)

11 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (21 Stocks)

21 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (80 Stocks)

80 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

15) Stocks Under F&O Ban

Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&O ban: Nil

Stocks retained in F&O ban: Kaynes Technology India

Stocks removed from F&O ban: Nil