Technical Market Commentary for July 13th , 2026 by Jatin Gedia - VP, Technical Research, Teji Mandi Investment Technologies Pvt Ltd
Below the Technical Market Commentary for July 13th , 2026 by Jatin Gedia - VP, Technical Research, Teji Mandi Investment Technologies Pvt Ltd
Nifty opened gap down; however, it found support at the 24000 level and managed to close in the green up 4 points at 24211. The Nifty formed a bullish candle on the daily charts and is holding above the 20 day (24074) and 40-day average (23940). Broadly it has been trading between 24300 and 23800 for the past four trading sessions and we expect the rangebound price action to continue. Divergence between the daily and hourly momentum setups suggests that the rangebound price action are likely to continue. Stock specific action and sector rotation is likely until the Nifty consolidates within the 24300–23800 range.
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