Nifty 50 opened today’s session with a gap-up at 24,586 versus yesterday’s close of 24,487. It is currently hovering around 24,590, up 0.4 per cent.
The advance/decline ratio stands at 38/12, which is a positive sign. Apollo Hospitals and Enterprise, up 6 per cent, is the top gainer followed by Hindalco Industries, up 4.3 per cent.
On the other hand, IndusInd Bank (down 0.7 per cent) and Tech Mahindra (down 0.4 per cent) are the top losers.
Among sectoral indices, barring Nifty IT and Nifty FMCG, down 0.1 per cent each, all others are in the green. Nifty Metal, up 1.9 per cent, and Nifty Healthcare, up 1.2 per cent, are the top performers by the end of first hour of today’s session.
Nifty 50 futures
The August expiry Nifty futures opened today’s session higher at 24,625 versus yesterday’s close of 24,555. It inched up further and is currently trading at 24,680, up 0.5 per cent.
While the contract ending today’s first hour of trade with a gain is a bullish signal, it faces a resistance ahead at 24,750. If this level is breached, Nifty futures can extend the upswing to 25,000.
On the other hand, if Nifty futures drops, either from the current level or after rising to 24,750, it can slip to 24,500. Support below 24,500 is at 24,420.
Overall, Nifty futures has been maintaining a positive bias so far today. Nevertheless, from a trading perspective, one might want to wait for a breakout before jumping in.
Trading strategy
Buy Nifty futures (Aug) in case it breaks out of 24,750. Target and stop-loss can be 25,000 and 24,600 respectively.
Supports: 24,500 and 24,420
Resistance: 24,750 and 25,000
Published on August 13, 2025
