Nifty 50 continues to trade under pressure. The index has come down today indicating that the fall that had begun last week is still in place. Nifty is currently trading at 24,795, down 0.69 per cent. The advances/declines ratio is at 8:42. This is negative.
Nifty 50 Outlook
Nifty has declined below an important intraday support level of 24,840. This level will now act as a good intraday resistance. There is another key resistance at 24,870. As long as the index stays below these resistances, the bias will continue to remain negative.
As such Nifty can remain vulnerable to break its support at 24,735 and can fall to 24,620-24,600 in the coming sessions.
Nifty 50 Futures
The Nifty 50 August Futures (24,804) is down 0.74 per cent. Support is around 24,760 which is holding for now. However, strong resistances are at 24,880 and 24,930 which can cap the upside. A decisive break above 24,930 is needed to ease the downside pressure and go up to 25,000 and higher again.
So, as long as the contract trades below 24,930, the outlook will remain negative. As such a break below 24,760 can drag the Nifty 50 August Futures contract down to 24,600 in the coming sessions.
Trade Strategy
Traders can wait for a rise. Go short at 24,860 and 24,890. Keep the stop-loss at 24,960. Trail the stop-loss down to 24,830 as soon as the contract falls to 24,805. Move the stop-loss further down to 24,790 and 24,730 when the contract touches 24,760 and 24,710 respectively. Exit the shorts at 24,680.
Supports: 24,760, 24,600
Resistances: 24,880, 24,930
Published on August 26, 2025
