Updated on 10 July 2026 @ 6.30 AM

Today’s Nifty Target & Stop Loss

What is today’s bias? What is the best trade?

Nifty enters the next session with a neutral-to-bullish bias, but the index is still trapped below a strong resistance zone around 24,090–24,220. The highest-probability trade is to buy only on a sustained move above 24,090, while traders should turn bearish below 23,880. The reason is that Nifty has regained its 34-DMA and 50-DMA, MACD remains positive, and the short-term trend has turned bullish. However, ADX at 12.67 indicates the trend is still weak, while DMI (-DI above +DI) suggests bears have not completely lost control. The bullish setup gets invalidated below 23,880, where fresh selling can drag the index towards 23,800–23,590.

Probability

✅ 65% chance of trading between 23,900 – 24,180

✅ 25% chance of breakout above 24,220 towards 24,400–24,450

❌ 10% chance of sharp decline below 23,880

Bullish Above: 24,090

Bearish Below: 23,880

Expected Range: 23,900 – 24,220

Best Trade Today: Buy Nifty 24000 CE above 24,090 confirmation

Nifty Levels Today: Support, Resistance, Option Chain & Trade Setup

Nifty closed at 23,962.80, just below the psychological 24,000 mark. Although the short-term trend has turned bullish, the medium- and long-term trends remain bearish. The index is trading around its 20-DMA, while still remaining below the 200-DMA (24,851), indicating that the broader trend has yet to reverse.

The option chain clearly identifies 24,000 as the biggest battle zone. Heavy Call open interest is placed at 24,000, 24,050 and 24,100, while Put writers continue to defend 24,000, making this the key pivot for the session.

Momentum indicators are mixed. MACD remains marginally positive, RSI has recovered to 50.43, while Stochastic and Williams %R are emerging from oversold territory. A sustained move above 24,090–24,100 could trigger fresh short covering towards 24,220–24,430. Failure to hold 23,880 may invite another round of selling.

Key Nifty Levels Today

Chanakya View

👉 Above 24,090: Buy 24000 CE for targets of 24,220–24,420.

👉 Above 24,220: Momentum buying may extend towards 24,425.

👉 Below 23,880: Buy 24000 PE for targets of 23,800–23,590.

👉 Between 23,880–24,090: Expect consolidation and option premium erosion.

Nifty Option Chain Strategy Today (14 July Expiry)

Today’s Options Trade Setup

Why This Trade?

• Nifty closed at 23,962.80, almost exactly at the pivot level, keeping traders focused on the 24,000 breakout zone.
• Short-term trend is Bullish, while medium- and long-term trends remain Bearish, favouring confirmation-based trades.
• MACD remains positive but the histogram is flat, indicating improving momentum without a strong trend.
• RSI at 50.43 reflects a neutral market with room for movement in either direction.
• ADX at 12.67 confirms that the current trend lacks strength, making breakout confirmation essential.
• Stochastic RSI and Williams %R suggest the index is attempting to recover from oversold conditions.
• Option chain shows the highest Call writing at 24,000–24,100, while Put writers continue to defend 24,000, making it the decisive strike for tomorrow.
• PCR around 0.77 at the 24,000 strike indicates a mildly cautious sentiment, though Put writing is increasing around the support zone.

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