Market Prediction 14th July: Nifty & Bank Nifty Analysis
Market Recap – 11th July: Bearish Close Amid Global Volatility
The Indian stock market ended lower on Thursday, with Nifty closing at 25,149 (-0.81%) and Bank Nifty at 56,754.7 (-0.35%). The day started weak, with Nifty opening at 25,255.5 but failing to sustain gains, slipping into a bearish trend. The trading range for Nifty was 25,129 to 25,322, while Bank Nifty moved between 56,605.75 and 57,091.05.
Technical Analysis for 14th July
Today’s market closed on a bearish note, with Nifty at 25,149, struggling to hold above the key support level. The trading range was between 25,129 and 25,322.45, while Bank Nifty fluctuated between 56,605.75 and 57,091.05.
Globally, crude oil prices were at $66.9, and the Indian Rupee weakened to 85.77 against the USD. European markets showed bullish momentum, while Dow Futures remained flat to bearish, indicating cautious global sentiment.
Our previous market prediction (11th July) worked dot-to-dot, with levels hitting precisely as expected. (Check the detailed analysis here).
Key Observations of Market Closing (11th July)
- Nifty closed at 25,149 (-0.81%), failing to sustain above 25,300.
- Bank Nifty closed at 56,754.7 (-0.35%), showing weakness near 57,000.
- Global cues mixed – European markets bullish, but Dow Futures flat.
- FIIs were net sellers, adding to bearish pressure.
Nifty Prediction for 14th July
Key Levels:
- Support: 25,130 → 25,078 → 25,000 (strong support)
- Resistance: 25,215 → 25,330 → 25,547 (if bullish breakout)
Trade Strategy:
- No Trading Zone: 25,130 – 25,215 (wait for breakout confirmation).
- If 15-minute candle closes above 25,215:
- 1st Target: 25,330
- 2nd Target: 25,427
- 3rd Target: 25,547
- If 15-minute candle crosses 25,215 but closes below:
- 1st Target: 25,130 (today’s low)
- 2nd Target: 25,078
- If 15-minute candle closes below 25,130:
- 1st Target: 25,076
- 2nd Target: 25,000
- 3rd Target: 24,955
- If 15-minute candle crosses 25,130 but closes above:
- 1st Target: 25,215
- 2nd Target: 25,330
Note: Avoid bullish trades in bearish candles & bearish trades in bullish candles.
Banknifty Prediction 14th July
Key Levels:
- Support: 56,605 → 56,300 → 56,000
- Resistance: 57,091 → 57,500 → 57,800
Trade Strategy:
- A break above 57,091 could push Bank Nifty towards 57,500.
- A fall below 56,605 may lead to 56,300-56,000.
- Watch global banking trends & RBI policies for directional cues.
Monday Market Prediction (14th July)
- Nifty Outlook: Bearish below 25,130, bullish only above 25,215.
- Bank Nifty Outlook: Range-bound (56,600-57,100) unless a breakout occurs.
- Global Impact: Crude oil & USD-INR movement will influence market sentiment.
Final Verdict
- Nifty must hold 25,130 for any recovery.
- Bank Nifty needs to sustain above 56,600 to avoid further downside.
- Trade cautiously – wait for confirmations before taking positions.
Disclaimer
The market predictions and analysis provided here are for educational purposes only. Trading in the stock market involves risks, and past performance does not guarantee future results. Consult a financial advisor before making any investment decisions.
By following these market predictions, traders can strategize effectively for 14th July. Stay tuned to Option Matrix India for daily stock market insights and accurate trading levels.
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