Nifty Prediction for Monday, July 13, 2026: Intraday Levels

Nifty closed Friday, July 10, 2026 at 24,206.90, up 244.10 points (+1.02%) from Thursday's close of 23,962.80. The index opened with a gap-up and traded in a narrow range through the session, forming a small-bodied bullish candle with a minor upper wick. Options data shows fresh put writing clustering just below spot at 24,200, while the heaviest call open interest sits at 24,500 — framing a near-term range with a clear floor and a clear ceiling. Bias: mildly bullish above 24,200, provided the reclaim over the 100-day EMA holds.

Today's Price Action Recap

Nifty gapped up at the open and stayed largely range-bound through the session, closing at 24,206.90 — a gain of 244.10 points (+1.02%) over Thursday's 23,962.80 close. The candle itself was small-bodied with a minor upper wick, reflecting some intraday indecision even within an otherwise strong up-day. Importantly, this close means Nifty has now reclaimed its 100-day EMA and recovered the bulk of the sharp 516-point decline seen earlier in the week (Wednesday's sell-off), a meaningful structural shift after two sessions of stabilising, positive market breadth.

Momentum indicators have been inching higher through the recovery, consistent with a gradual build-up of bullish pressure rather than a sharp reversal — the kind of grinding reclaim that typically needs a fresh catalyst or a clean break of overhead supply to accelerate.

Mark Above Levels on Your Chart and Check Accuracy After Market Close

Options Data: Where the Walls Are

Total Call OI stands at 1,448.13 L versus Total Put OI at 1,841.44 L, putting the Put-Call Ratio at roughly 1.27 — a put-heavy skew that typically reflects support-building rather than aggressive bearish positioning.

Open Interest concentration:

• 24,500 carries the single largest Call OI on the chain (~130 L), making it the strongest overhead resistance in the current setup
• 24,200 (just below spot) and 24,000 carry the heaviest Put OI (~95–100 L each), marking the two strongest support shelves
• Meaningful secondary Call OI also sits at 24,300 and 24,400, meaning the path to 24,500 is not a clean one — expect some friction at each 100-point mark on the way up

Change in OI (today's fresh positioning):

• The largest Put OI additions came in right at 24,150–24,200, directly under spot — fresh put writing this close to the market typically signals traders are comfortable selling puts (i.e., backing this level as a floor) rather than expecting a breakdown
• Call OI unwinding was visible in the 23,900–24,100 band — existing call shorts being covered at lower strikes, which is a mildly bullish signal (short-covering, not fresh call writing)
• Fresh Call OI additions appeared mainly at 24,500 and above — resistance is being reinforced further out, not capping price immediately

Key Levels for Monday

Level Type	Price Zone	Basis
Major Resistance	24,500	Heaviest total Call OI on the chain
Near-term Resistance	24,301 – 24,400	Broader technical resistance zone + secondary Call OI
Current Spot	24,207	Friday's close
Near-term Support	24,114 – 24,200	Chart support + fresh Put OI
Major Support	24,000 – 24,050	Heavy total Put OI + broader technical support zone
Invalidation (bearish below)	23,930	Break below flips the recovery structure

Two Scenarios for Monday

Bullish scenario: If Nifty holds above 24,200 and stays above its 100-day EMA through the first hour, the path of least resistance is a grind toward the 24,350–24,400 resistance zone, then a test of the 24,500 call wall. A clean move through 24,500 with fresh call unwinding at that strike would open room toward 24,550–24,700.

Bearish scenario: If Nifty slips back below 24,150–24,114 and loses the 100-day EMA it just reclaimed, the recovery structure weakens, and a retest of 24,050–24,000 becomes the more likely path. A close below 23,930 would invalidate the bullish recovery read entirely and put the prior swing low back in focus.

One-Line Takeaway

Nifty holds a mildly bullish bias for Monday as long as 24,200 support (backed by fresh put writing) stays intact, with the 24,350–24,500 zone as the key resistance test on any move higher.

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Disclaimer: This article is for educational purposes only and does not constitute investment advice. Dhanith Trading is not a SEBI-registered Research Analyst or Investment Adviser. Trading and investing in securities involves substantial risk. Please consult a SEBI-registered advisor before making investment decisions.