13-07-2025 | Weekly BNF, NF TA | Pullback Or Trend Change | Breakout Failure Confirmation in Nifty | Indian Market Update

Index Weekly Update 13-07-2025

Lets analyse Bank Nifty & Nifty 50 index price action for next week.

Bank Nifty Future

1) Weekly TF:

• BNF faced resistance last week from new ATH and continues to go sideways.
• BNF closed lower than last week, but still closed above 50% of previous bullish candle.
• Now BNF have clear range to play between ATH & 50% of bullish candle.
• This week close of BNF shows weakness to continue and test this low once again.
• 50% of bullish canlde is also 16062025 weekly candle's high, which is confluence of support.
• Now BNF has resistance around 58,280 & support at 56,600 (Same as previous week).

2) Daily TF:

Indicators: RSI, MACD, VOL (as per order in chart)

• BNF continues to move sideways inside previous weeks range and closed near low.
• After giving BO to ATH, BNF is now falling back below previous BO candle on 27062025.
• BNF started to form LH-LL from last week wednesday and close near day low on friday.
• By the end of this week, BNF is just above 50% retracement mark and closed near TL support.
• All the above Price Action denotes mild bearish sentiment in price action.
• Indicator: RSI is also near TL support like price, but RSI closed below previous swing low but price has not. (Bearish)
• MACD: For thw whole week MACD is growing negative (Bearish).
• Now BNF has resistance around 57,400 & 57,850 and support at 56,600 & 55,950.

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Nifty Future

1) Weekly TF:

• Unlike BNF, NF broke previous week's low and closed this week bearish.
• This week NF tested the BO region from previous 6 weeks but closed at range high.
• NF this week close is weak and started to form LH-LL in weekly candle.
• NF closed below 50% of previous bullish candle, so we are mild bearish now.
• If this week's low is broke, then we can expect to move towards 24780.
• NF has resistance around 25,770-90 and support at 24,780.

2) Daily TF:

Indicators: RSI, MACD, VOL (as per order in chart)

• NF is weak last week which tested &closed near BO consolidation range high.
• Since price couldn't attract buyers above the BO level to sustain, which confirms no Demand.
• NF started to form LH-LL structure, which again confirms weakness in price action.
• NF closed inside RED Band zone, which also has GREEN AVWAP from recent swing low.
• RSI: Unlike BNF, NF broke below TL support and price is at TL support now, which shows bearish sentiment.
• MACD: In sync with price started to grow negative, and closed weaker. (Bearish sentiment).
• NF has support at 25,240 & 25,110 and resistance around 25,550.

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Acronym

BNF: Bank Nifty Future.

NF: Nifty Future.

BO: Breakout.

BD: Breakdown.

HH-HL: Higher High, Higher Low

LH-LL: Lower High, Lower Low

TF: Time Frame.

LT: Long Term

ST: Short Term

ATH: All Time High.

PA: Price Action.

PDC: Previous Day Close

TL: Trend Line.

Keep Learning 🕮

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