Nifty 50 is attempting to bounce back after witnessing a fall, though at a slow pace, since the beginning of the week. The index is currently trading at 25,540, up 0.34 per cent. The support at 25,400 is holding well as expected. The index touched a low of 25,378 on Wednesday and has risen back from there.
Nifty 50 Outlook
The bounce from the low of 25,378 is a positive. The region around 25,400 will continue to act as a good support. While this bounce sustains, there are good chances to see a rise to 25,700-25,750 in the coming sessions.
Nifty has to see a decisive break below 25,400 to come under pressure and negate the above-mentioned bullish view. Only then a fall to 25,200-25,150 will come into the picture.
Nifty 50 Futures
The Nifty 50 July Futures (25,638) is up 0.36 per cent. The contract is bouncing back from just above its key support level of 25,450. Immediate resistance is around 25,650. A break above it can take the Nifty 50 July Futures contract up to 25,750-25,800.
Failure to breach 25,650 and a fall below 25,580 can drag the Nifty 50 July Futures contract down to 25,500-25,450.
Trade Strategy
Go long only after a break above 25,650 is seen. Keep the stop-loss at 25,620. Trail the stop-loss up to 25,675 as soon as the contract goes up to 25,695. Move the stop-loss further up to 25,710 when the contract touches 25,725. Exit the longs at 25,740.
Support: 25,580, 25,500
Resistances: 25,650, 25,750
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Published on July 3, 2025
