Nifty Prediction Today – February 02, 2026: Nifty 50 Futures: Resistances ahead. Stay out of the market

Nifty 50 is getting some recovery in the early trades today after witnessing a sharp fall on the Budget Day. It is currently trading at 24,895, up 0.26 per cent.

It is important to see if the index is sustaining this bounce and getting a strong follow-through rise in the coming days. The advances/declines ratio is at 25:25. This gives mixed picture and indicates that the market can go on either way. So, we will have to wait and watch.

Nifty 50 Outlook

Strong resistances are at 24,950 and 25,000. Nifty has to breach 25,000 decisively in order to ease the downside pressure. If that happens, a rise to 25,150-25,200 is possible.

Failure to breach 25,000 and a reversal again will keep the downtrend intact. In that case, there is a danger of seeing 24,400 and even lower levels this week.

Nifty 50 Futures

The Nifty 50 February Futures (24,975) is up 0.45 per cent. The contract has just risen above a key intraday resistance level of 24,940. If the contract manages to sustain above 24,940, then a further rise to 25,100 and 25,180 is possible.

On the other hand, if the contract falls back below 24,940 again, then 24,500 can be seen on the downside. We will have to wait and see.

Trade Strategy

We need to wait and watch if the bounce is sustaining or not. So, it is better to stay out of the market until we get a clarity.

Supports: 24,940, 24,770

Resistances: 25,100, 25,180

Published on February 2, 2026