Nifty 50 Analysis [For 10.07.2026: Friday]Probable Scenario Analysis of Nifty 50 for the 10th of July, 2026. The day is Friday.
🟢 Bullish Scenario
There is no observable bullish scenario. Doubt every up move. There is a strong resistance zone (SRZ) at (24187.5 - 24125). However, a weak bullish move might emerge if the price sustains above 24187.5. In that case, the price might reach 24250. There's strong resistance again at 24250. Lastly, if the price sustains above 24250, then it might reach 24312.5 and 24375.
🔴 Bearish Scenario
The moment the price sustains below 23875 for at least 30 minutes, the bearish setup would activate. The first probable bearish target below 23875 would be 23812.5. The price would receive support at 23812.5. Next, if the price breaks down below 23812.5, then level 23750 is possible. Here, the price would receive very good support at 23750. Lastly, if the price decisively breaks below 23750, there will be sharp selling. The probable bearish targets below 23750 would be - 23687.5 and 23625. There is an unfilled GAP at 23623 (marked in blue line). Thus, the price would receive final support at 23625.
🟡 No Trading Zone (NTZ): (24187.5 - 23875).
⏺ Range of Consolidation (ROC): (24125 - 23875).
Here, 24000 is the median of the ROC. The median works like an intraday sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
No high-impact event. No expiry. It is the last day of the week. However, we don't know about geopolitical issues. So, anything can happen due to the U.S.-Iran Conflict.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
