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Below the Technical Market Commentary for July 14th 2026 by Jatin Gedia - VP, Technical Research Teji Mandi Investment Technologies Pvt Ltd

Nifty opened gap down and was unable to recover during the day resulting in a negative close down 159 points at 24052. It closed below the 20 day moving average (24083) indicating short term weakness. The daily momentum indicator has a negative crossover which signals a sell. We believe the counter trend pullback of the previous three sessions has completed, and Nifty is poised for further downside over the next few trading sessions. On the downside, 23800 - 23760 is the next support zone while 24100 - 24150 is the immediate resistance. 

Bank Nifty closed below the low (57490) of the previous two sessions indicating weakness. It closed below the 20 day moving average (57768) indicating weakness. Daily momentum indicator has a negative crossover which signals a sell. Thus, considering the price and momentum setup we expect the Index to trade with a negative bias over the next few trading sessions. In terms of levels, 57000 - 56750 is the crucial support zone while 57800 - 58000 is the immediate hurdle from a short-term perspective. 

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