Analysis & Key Levels for July 13, 2021

Analysis for July 13, 2021

  1. Yesterday, we had mentioned that the Bulls are likely to be back in control only above 15741 (Nifty Futures).
  2. Nifty Futures witnessed a gap up opening above 15741 and reached our second target of 15806. But, the markets witnessed selling during the second half.
  3. India VIX was up by 0.39%.
  4. The Mid-Cap space continues to look strong (up by 0.52%).
  5. REALTY sector continued its stellar performance (up by 3.61%). IT was the worst-performing sector today (down by 0.45%)
  6. FIIs sold for 745 crores and DIIs bought for 447 Crores in the cash market.
  7. FIIs hold more short positions (53.79%) than long positions (46.21%) in the derivatives market.
  8. During the last trading day, the maximum Change in CALL OI was at 15700. But today, the maximum Change in CALL OI was at 15800.
  9. 15800, 15900 could act as a good resistance as suggested by the Call OI build-up.
  10. Interestingly, more PUTS were added today when it comes to Monthly Expiry. So the market is expecting Nifty to consolidate below 15900 and then shoot up post this expiry.
  11. Currently, the US markets are slightly in green as I am writing this post.
  12. Find below the key levels for tomorrow’s trade. For Key Levels of Banknifty & Stocks, visit this link.

Key Levels for Nifty Futures July 13, 2021

  • Bulls will be back in control above 15741. Targets on the upside are 15776, 15806 & 15844.

  • Bears to take control below 15659. Targets on the downside are 15629, 15597 & 15543.

Note: The levels are based on Nifty Futures chart.

Nifty Futures Chart - Key Levels

What is your market view for July 13, 2021 with respect to Nifty?

  • Bullish
  • Moderately Bullish
  • Sideways
  • Moderately Bearish
  • Bearish

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