Nifty 50 has risen back well after falling to a low of 25,563.95 in the initial trades. It is currently trading at 25,775, up 0.18 per cent.
The advances/declines ratio is at 41:9. This is positive. This has to sustain in order to take the index further higher during the day.
Nifty 50 Outlook
The support at 25,600 is holding well for now. Resistance is around 25,860. Nifty has to breach this hurdle in order to move further higher. If it does, then 26,050 can be seen on the upside.
Failure to breach 25,860 can drag the index down. In that case, 25,600-25,860 can be the trading range for some time.
A decisive break below 25,600 will increase the downside pressure. If that break happens, we can see a fall to 25,500 or 25,450.
Nifty 50 Futures
The Nifty 50 February Futures (25,849) is up 0.13 per cent. Currently it is getting support around 25,700. Below that 25,650-25,620 will be the next important support.
Resistance is around 25,950. A strong break above it can take the Nifty 50 February Futures contract up to 26,100.
Our preference is to see the rise to 26,100. But whether this happens from here itself or after testing the 25,650-25,620 support zone is not clear.
Trade Strategy
We suggest traders to stay out of the market and wait for dips to go long. Go long at 25,680 and 25,640. Keep the stop-loss at 25,540. Trail the stop-loss up to 25,710 as soon as the contract goes up to 25,740.
Revise the stop-loss higher to 25,760 and 25,790 when the contract touches 25,785 and 25,815 respectively. Exit the long positions at 25,850.
Supports: 25,700, 25,620
Resistances: 25,950, 26,100
Published on February 4, 2026
