Bank Nifty Intraday Prediction for Tomorrow,13th July 2023

Bank Nifty Prediction for Tomarow,13th July 2023:- Bank nifty opened gap up today at 44888 levels, which is 102 points up from yesterday's closing level of 44786. After that we have seen a sideways movement for bank nifty today. After opening, it slips down to a low of 44683 levels and then moved up to make intraday high of 44937. At this level we have got a resistance level for tomorrow at 44921 levels.

Afternoon section was sideways bearish market and trend changed in to negative till end of the day. At 3'o clock market breaks the intraday support level of 44750, the support level mentioned in last days bank nifty prediction and made a intraday low of 44562. Then market closed for the day at current market price of 44660 levels.

Among the sectoral induces, Pharmacy, media, PSU banks gained the highest and Nifty IT, Fin services and the Nifty Bank under the selling side. Nifty mid cap and small cap indices moved 0.40 percentage and 0.75 percentage upside respectively.

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Bank Nifty Futures performance for Today

Bank Nifty Futures opened at 4495 levels, which gap up opening of 84 points Today. Bank Nifty Made a intraday high of 45017 and Intraday low of 44805. Overall we have seen a total of almost 260 points in the whole day. Bank Nifty Futures closes at 44805 levels, which is 65 point negative equals to 0.15 percentage.

Bank Nifty chart analysis for 13 July 2023

We all know that, tomorrow is weekly expiry for Bank Nifty. So all the levels marked in chart will be critical for tomorrow trading hours. You can expect a high volatility in the market on expiry days. These volatility can be converted in to profit, if you know the major support and resistance for Bank Nifty for tomorrow. 

Bank Nifty chart analysis for 13 July 2023

Now lets look in to the major intraday support, resistance for Bank and how bank Nifty will be performing tomorrow. Current level for bank nifty is 44660, which is just below the resistance level of 44750. This will be a critical level for bank Nifty you should consider while trading. 

If Bank Nifty opens below this level, then you can expect a downward movement for a target of 44500 levels. But if it open above 44750 levels, It can move towards to 44850. Which is 100 points from this resistance levels. If it moves further to 44900 to 44925 then you can expect 45000 and 45050 levels. Also if Bank Nifty moves below 44500, then you can expect 44300 levels. So these are the major levels for Bank Nifty that you should consider for Tomorrow's trading.

You may also Like to read our previous post " Bank Nifty And Nifty Intraday Prediction for Monday 10th July 2023"

Key Highlights of Bank Nifty for 13th July 2023

• Bank Nifty Current market price of 44660
• Intraday Supports for Bank Nifty are 44500,44300,44275
• Intraday Resistance levels for Bank Nifty are 44750,44855,44925
• More fall below 44500
• More upside above 44750

Conclusion

We have seen the Major Support and Resistance levels for Bank Nifty for 13th July 2023.For Bank Nifty we can expect a more fall below 44500 levels and more bulls above 44450 levels. All the chart study posted here are for education purpose only.