Trade Setup For July 14: Nifty Support Moves To 24,900-25,100 Post Three Straight Days Of Decline

The NSE Nifty 50's key positional support is placed at 24,900-25,100, according to analysts from Bajaj Broking Research.

"We anticipate the index to hold above this support zone and move higher towards the 25,500–25,600 range in the coming week," it said.

The Nifty formed a sizable bear candle with a lower high and lower low, signalling corrective bias after declining for a third session, Bajaj Broking said.

After a long time, the Nifty slipped below the 20-day simple moving average zone, which supports further weakness from the current levels, according to Amol Athawale, vice president of technical research at Kotak Securities.

"We believe that as long as the market remains below 25,300, the weak sentiment is likely to continue. Below this level, the market could slip to the 50-day SMA or around 25,000," he said. "Further downside may also continue, potentially dragging the market down to 24,800-24,650."

The Bank Nifty finds support at 56,000-55,500. The index is seen consolidating in the range 56,500-57,600, according to Bajaj Broking.