Nifty 50 opened today’s session at 24,607 versus yesterday’s close of 24,619. It is currently hovering around 24,625.
The advance/decline ratio of Nifty 50 stands at 22/28, showing a bearish bias. Infosys and Wipro, up 1.5 per cent each, are the top performers.
On the other hand, Tata Steel (down 2 per cent) and Hindalco Industries (down 1.4 per cent) are the top losers.
Among sectoral indices, Nifty IT (up 0.6 per cent) tops the chart whereas Nifty Metal (down 1.4 per cent) is the weakest sector so far today.
Nifty 50 futures
The August expiry Nifty futures opened today’s session at 24,709 versus yesterday’s close of 24,712. It is currently trading at 24,690, down 0.1 per cent.
The contract faces a resistance at 24,750. If this level is breached, it can see a fresh leg of uptrend, which can lift Nifty futures to 25,000, the nearest barrier. Subsequent barrier is at 25,200.
On the other hand, if Nifty futures decline from the current level, it can find support at 24,620. A break below this level can drag the contract to 24,500.
Broadly, the price action shows a positive bias but participants ought to wait for Nifty futures to break out of 24,750.
Trading strategy
Buy Nifty futures (Aug) if it breaks out of 24,750. Target and stop-loss can be 25,000 and 24,600 respectively.
Supports: 24,620 and 24,500
Resistance: 24,750 and 25,000
Published on August 14, 2025
