Nifty 50 has opened the week on a positive note. The index is managing to hold higher and is trading at 24,828, up 0.35 per cent. The advances/declines ratio is at 38:12. This is positive for now. The trend has to remain intact in order to keep the Nifty higher. If the ratio tilts in favour of the declines, then there are good chances to see the Nifty giving back all the gains and fall during the day.
Nifty 50 Outlook
Nifty has an important intraday support at 24,750. If it manages to sustain above it, a rise to 24,870 can be seen during the day. A break above 24,870 will see the upside extending towards 24,920.
A break below 24,750 on the other hand can take the index down to 24,720-24,700. Nifty will come under more selling pressure only if it declines below 24,700. If that happens, we can see a fall to 24,650-25,630.
We keep our bias positive to see the Nifty sustaining above 24,750 and rise during the day.
Nifty 50 Futures
The Nifty 50 September Futures (24,905) is up 0.26 per cent. Strong support is in the 24,860-24,840 region. Outlook is bullish to see a rise to 25,000-25,050 in the coming sessions.
The contract has to break 24,840 to come under pressure. Such a break can take it down to 24,800-24,780. But such a fall looks less likely as the 24,860-24,840 support zone can limit the downside.
Trade Strategy
Positional trades can be considered at the moment. Traders can go long now at 24,905. Accumulate on dips at 24,870. Keep the stop-loss at 24,840. Trail the stop-loss up to 24,925 as soon as the contract goes up to 24,945. Move the stop-loss further up to 24,950 when the contract touches 24,965. Exit the longs at 24,980.
Supports: 24,860, 24,800
Resistances: 25,000, 25,050
Published on September 8, 2025