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Nifty Intraday Prediction for 13th July 2023

Overall the market was in red on Wednesday, Continuously for the 2nd trading day. Soon after the opening, Nifty slips in to red and whole negative trends stays along the day. You may like to read our previous post on Bank Nifty levels for Today.

Nifty Gap Up opening on 13th July Expiry

When we look into the global markets, the Asian market are trading higher on today. This may be because of US inflation slows more than 3% in June, which is more than expected. Nikkei, Kopsi, Hang Seng and Shanghai are trading in green today, this will be positive for Indian market in the morning. But Gift Nifty is trading slightly negative today by 9 points, still market will be opening in green. The US market ends higher on Wednesday and also the European stock markets are also closed in green. so I am expecting a gap up opening in Nifty on this Expiry day.

How Nifty performed Yesterday

Nifty opened 19507 on Wednesday and it moved continuously down for first 3 hours, breaking the support at 19430 levels to 19400 levels. Then it took support at 19400 to give a positive movement of more than 50 points. After that negative rally continues on Nifty give a intraday low of 19366 levels. Nifty closed on Wednesday at 19384.

Nifty Intraday Levels for Today's Expiry-13th July 2023

Now we will look, how Nifty is going to perform today in 13th July 2023. As we know, today is the weekly expiry for Nifty. So expect high volatility in the market. Yesterday closing price is just below the Resistance level of 19400. So if the market opened below this level, you can expect up movement above this resistance level. Otherwise it will take this resistance and can move down to 19330 levels. Else if it breaks above this can move upwards to the targets of 19430,19450 and 19470 levels easily. So consider these Major resistance levels and support levels for this expiry day for Nifty.

Major Levels for Nifty for 13th July 2023

• Nifty Current market price of 19384
• Intraday Supports for Nifty are 19330,19280,19240
• Intraday Resistance levels for Nifty are 19400,19430,19050,1970
• More fall below 19330
• More upside above 19400

Upside Targets for Nifty above 19400 on 13th July expiry are 19430,19050 and 1970.

Conclusion  

So, Nifty will be opening in Gap Up on 13th July expiry based on the positive Global clues. Nifty more upward movement can be only possible above the major intraday resistance of 19400 levels. Please consider the above levels of trading on Expiry day to get easy profits.

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