Nifty 50 is retaining its strength. It has risen well in the early trades after having fallen towards the end of the trading session on Wednesday. The index is currently trading at 25,164, up 0.22 per cent. The advances/declines ratio is at 23:27. This will need a close watch during the day. The trend has to shift in favour of the advances. Else there is a danger of the Nifty giving back the gains during the day.
Nifty 50 outlook
Nifty has good support around 25,100 and then at 25,000. The overall outlook is bullish to see a rise to 25,450-25,500 in the coming sessions. A decisive break above 25,320 can trigger this rise.
The big question is whether the rise to 25,450-25,500 is going to happen from here itself or after a fall to 25,100 or 25,000. In any case, the bias is going to remain positive. So, an intermediate fall to 25,100-25,000 should be considered as a buying opportunity.
Nifty 50 futures
The Nifty 50 October futures (25,254) is up 0.1 per cent. It has good intraday support in the 25,135-25,100 region. A break below 25,100, though less likely can take the contract down to 25,000. But a fall beyond 25,000 is unlikely.
Overall, the outlook is bullish. Our preference will be to see the contract sustaining above 25,100 itself. We expect the Nifty 50 October futures contract to rise to 25,470 and even 25,600 in the coming sessions.
Trade strategy
Hold on to the long positions recommended yesterday at 25,277. Accumulate on dips at 25,170. Revise the stop-loss down to 25,080 and follow the same strategy. Trail the stop-loss up to 25,300 as soon as the contract goes up to 25,360. Revise the stop-loss up to 25,380 and 25,440 when the contract touches 25,420 and 24,490 respectively. Exit the long positions at 25,550.
Supports: 25,100, 25,000
Resistances: 24,320, 25,470
Published on October 8, 2025
