Nifty Prediction for Monday, 13 July: After posting a strong rebound of over 1 per cent in the previous session on Friday, July 10, the Indian benchmark index Nifty 50 is expected to extend its recovery with a positive bias on Monday, July 13, with technical analysts identifying the 24,300-24,400 zone as the immediate resistance area while recommending a buy-on-dips approach as long as key support levels hold.
Nifty at close on Friday, July 10
The NSE Nifty 50 closed at 24,206.90, up 244.10 points or 1.02 per cent, supported by optimism over the upcoming first-quarter earnings season, easing crude oil prices, strong buying in information technology stocks and improved foreign investor sentiment.
Despite the rally, the benchmark index ended the week 0.26 per cent lower after renewed geopolitical tensions in West Asia and a spike in crude oil prices had triggered a sharp mid-week sell-off.
Nifty top gainers and losers on Friday, July 10
Nifty Prediction for Monday, July 13, by experts
Analysts believe Friday’s strong close has restored the near-term bullish structure, with momentum now favouring another attempt at higher levels in the upcoming sessions. Market analysts point to strong technical structures on the daily charts that signal renewed buying interest heading into Monday’s session.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said Friday’s rally marked a return of bullish momentum after the sharp correction earlier in the week.
“After showing an upmove with high volatility on Thursday, Nifty continued with sustainable upside on Friday and closed the day higher by 244 points. A reasonable bull candle was formed on the daily chart with a gap-up opening and the opening upside gap remained unfilled. This is a positive indication and signals a comeback of bulls after one session of steep fall in the market on 8th July,” Shetti stated.
He added that the short-term trend remains positive. “The underlying short-term trend of Nifty continues to be positive. Formation of an inside day/ inverted hammer type candle pattern on Thursday has resulted in a subsequent bounce back in the market on Friday,” the research analyst said.
He further stated, “Nifty is now on the way towards the crucial hurdle of around 23500-23600 levels by next week. Immediate support is placed at 24000 levels.”
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Nifty Daily Chart – July 10, 2026
Nifty Prediction for Monday, July 13 by Riyank Arora
Riyank Arora, Associate Vice President – HNI & Derivatives, Hedged.in, also expects the benchmark to remain supported after Friday’s broad-based rally. “Indian equity markets witnessed a strong rally in today’s session, with benchmark indices ending sharply higher as broad-based buying across sectors lifted market sentiment. The decisive upmove has strengthened the overall market structure, with indices comfortably trading above key support levels,” Arora said.
According to him, Nifty has reclaimed the 24,200 mark, with immediate support placed around 24,100-24,050, followed by 23,950.
“Nifty 50 closed at 24,208.80, up 246.00 points (+1.03%). The index has reclaimed the 24,200 mark, with immediate support placed around 24,100–24,050, followed by 23,950. On the upside, resistance is seen near 24,300–24,400. A sustained move above this zone could pave the way for further upside in the coming sessions,” he added.
“The strong rally indicates renewed buying interest and reinforces the positive market trend. As long as the benchmark index continue to hold above their immediate support levels, the broader outlook remains bullish. Traders may continue to adopt a buy-on-dips strategy while maintaining disciplined risk management,” Arora suggested.
Sectoral indices on Friday, July 10
The rally was led by IT and realty stocks, with the Nifty IT index rising around 2 per cent to emerge as the top-performing sector. Financial stocks also witnessed broad-based buying, lending further support to the market rally.
Nifty Realty index jumped over 3 per cent, followed by Nifty PSU Bank, which surged 3 per cent. Nifty Chemicals, Nifty Metal, Nifty Cement and Nifty Oil & Gas indices advanced up to 1.66 per cent. Meanwhile, Nifty FMCG was the only major sectoral gauge to close marginally lower, slipping 0.08 per cent.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
