Nifty Trade Setup for July 15, 2026

The Nifty 50 snapped a three-day winning streak and closed 0.66 percent lower amid range-bound trading and rising oil prices due to tensions in the Middle East on July 14. Over the last four sessions, the index has remained within the 23,800-24,300 range, which needs to be decisively broken on either side for a strong directional move. Until then, consolidation is likely to continue within the said range, with 24,000 acting as the immediate support. Technically, momentum indicators suggested a sideways trend in the near term, while the index hovering around its 20-day and 100-day EMA levels also reflected a phase of consolidation, experts said.

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

1) Key Levels For The Nifty 50 (24,052)

Resistance based on pivot points: 24,129, 24,160, and 24,211

Support based on pivot points: 24,027, 23,995, and 23,944

Special Formation: The Nifty 50 formed a small-bodied bearish candle with a long upper shadow within the previous day's long green candle on the daily timeframe, indicating a lack of strong directional conviction. The index stayed above the 20-day and 50-day EMAs but failed to close above the 10-day and 100-day EMAs. The RSI dropped to 51.67 with a negative crossover but remained range-bound, while the MACD remained sideways for the last four sessions, with the histogram bar turning green. All these indicators suggest that the index is still lacking strong directional momentum.

2) Key Levels For The Bank Nifty (57,462)

Resistance based on pivot points: 57,741, 57,872, and 58,083

Support based on pivot points: 57,318, 57,188, and 56,977

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

Support based on Fibonacci retracement: 57,305, 56,441

Special Formation: The banking index fell below the previous day's closing low, declining 1.15 percent, and formed a bearish candle with a minor lower shadow on the daily charts, indicating profit booking after a three-day rally. Meanwhile, the broader structure remains positive, with Bank Nifty trading above all key moving averages, and the index continued to defend the 23.6 percent Fibonacci retracement of the recent sharp rally. The momentum indicators and oscillators reflected a lack of directional strength, suggesting a sideways bias in the near term. All these signals indicate that the broader trend remains intact despite the ongoing consolidation.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 24,100 strike (with 60.25 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,500 strike (47.69 lakh contracts) and 24,200 strike (42.82 lakh contracts).

Maximum Call writing was observed at the 24,100 strike, which saw an addition of 50.11 lakh contracts, followed by the 24,000 and 24,300 strikes, which added 28.67 lakh and 27.71 lakh contracts, respectively. There was hardly any Call unwinding seen in the 23,550-24,500 strike band.

4) Nifty Put Options Data

On the Put side, the 24,000 strike holds the maximum Put open interest (with 47.58 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 24,100 strike (36.4 lakh contracts) and the 23,800 strike (27.2 lakh contracts).

The maximum Put writing was placed at the 24,000 strike, which saw an addition of 20.08 lakh contracts, followed by the 24,100 and 23,800 strikes, which added 19.97 lakh and 12.35 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,150 strike which shed 3.35 lakh contracts, followed by the 23,650 and 24,200 strikes, which shed 1.91 lakh and 1.17 lakh 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 22.02 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 (14.27 lakh contracts) and the 58,500 strike (8.37 lakh contracts).

Maximum Call writing was observed at the 57,500 strike (with the addition of 2.24 lakh contracts), followed by the 58,000 strike (1.89 lakh contracts) and 59,000 strike (1.35 lakh contracts). The maximum Call unwinding was seen at the 58,700 strike, which shed 23,040 contracts, followed by the 56,700 and 57,000 strikes, which shed 22,290 and 17,970 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 59,000 strike holds the maximum Put open interest (with 12.6 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 58,000 strike (9.91 lakh contracts) and the 57,000 strike (7.77 lakh contracts).

The maximum Put writing was placed at the 58,800 strike (which added 62,340 contracts), followed by the 57,400 strike (26,430 contracts) and 56,600 strike (5,220 contracts). The maximum Put unwinding was seen at the 58,000 strike, which shed 3.13 lakh contracts, followed by the 58,200 and 58,100 strikes, which shed 55,140 and 51,420 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.02 on July 14, from 1.43 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, rose 3.54 percent to 13.75 and extended its uptrend for the second consecutive session, signalling minor discomfort for bulls. Any sharp move above the 15 mark could increase the risk for bullish traders.

10) Long Build-up (22 Stocks)

A long build-up was seen in 22 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (55 Stocks)

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

12) Short Build-up (103 Stocks)

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

13) Short-Covering (35 Stocks)

35 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