Nifty Spot - Pivot Levels 13- 07-2026 - Ventura Securities Ltd
Nifty Spot – Pivot Levels 13/07/2026
Previous week it was mentioned that, Our view is Buy on Dips & below 23829 traders should use 23487-(22600- 21715) levels as an opportunity to buy. If the trend is strong Nifty will bounce back from 22600 levels, any close below should be treated as negative for the current uptrend. Currently, (24421-24790)-25085-(25385-25805) as sell areas. If sustain above 25805 we open for 26347 and later further to 26500-26700 area.
Nifty crossed above the 24421 (1st sell area) & rallied to mark a high of 24530.90. However, the index failed to sustain at higher levels and forming down gaps, witnessed a valid correction to mark a low of 23805.20. Despite the decline, Nifty managed to hold above 23829 (previous week's low) and staged a sharp recovery of nearly 400 points. As observed in the chart, Nifty is trading in a consolidation zone between the ranges 24421 – 23805, awaiting the next directional breakout.
Now, Nifty closed at 24206.90.
Below 23805 (current week low), we have support levels at 23487-(22600- 21715) as bounce back levels.
If the trend is strong Nifty will bounce back from 22600 levels, any close below should be treated as negative for the current uptrend.
As of now, (24421-24790)-25085-(25385-25805) as sell level areas.
If sustain above 25805 we open for 26347 and later further to 26500-26700 area.
Our view is Buy on Dips & below 23805 traders should use 23487-(22600- 21715) levels as an opportunity to buy. If the trend is strong Nifty will bounce back from 22600 levels, any close below should be treated as negative for the current uptrend. Currently, (24421-24790)-25085-(25385-25805) as sell areas. If sustain above 25805 we open for 26347 and later further to 26500-26700 area.
Bank Nifty Spot – Pivot Levels 13/07/2026
Previous week it was mentioned, Our view is Buy on Dips & below 57456 traders should use (55780-53930)- (52072-49430) levels as an opportunity to buy. If the trend is strong Bank Nifty will bounce back from 53920 levels, any close below should be treated as negative for the current uptrend. Currently, (58470-59100)-59610-(60115-60840) as sell level areas. If sustain above 60840 we open for 61765 and later further to (62540-63470) area.
Bank Nifty extended its rally by crossing above the 58470 level (1st sell area) & registered a high of 58581.10. However, the index failed to sustain at higher levels & later, forming down gaps witnessed a sharp correction, declining to a low of 56549.40. The index briefly traded below its 200 SMA, but buying emerged at lower levels, resulting in a strong rebound with up gaps heading Bank Nifty back to 58251.95.
Now, Bank Nifty closed at 58045.90.
Below 56549 (current week low), we have support levels at (55780-53920)-(52072-49430) as bounce back levels. If the trend is strong Bank Nifty will bounce back from 53920 levels, any close below should be treated as negative for the current uptrend.
As of now, (58540-59155)-(59770-60640) as sell level areas.
If sustain above 60640 we open for 61765 and later further to (62540-63470) area.
Our view is Buy on Dips & below 56549 traders should use (55780-53930)- (52072-49430) levels as an opportunity to buy. If the trend is strong Bank Nifty will bounce back from 53920 levels, any close below should be treated as negative for the current uptrend. Currently, (58540-59155)-(59770-60640) as sell level areas. If sustain above 60640 we open for 61765 and later further to (62540-63470) area.
SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQ
SEBI Registration No.: INH000001634
