Nifty 50 is getting a strong follow-through rise after witnessing a sharp bounce towards the end of the trading day on Tuesday. The index is currently trading at 25,290, up 0.45 per cent. The advances/declines ratio is at 32:18. This is positive. If this trend sustains, then Nifty can rise further during the day.
Nifty 50 Outlook
Nifty touched a high of 25,372 and has come down from there. However, the bias remains positive. Support is around 25,200 which is likely to limit the downside. As long as the index stays above 25,200, there are good chances to see a rise to 25,430-25,450 in the coming sessions.
The region between 25,200 and 25,170 is a strong support. Nifty has to decline below 25,170 in order come under pressure for a fresh fall. Only then the chances of a seeing 25,000 on the downside will come into the picture.
Nifty 50 Futures
The Nifty 50 February Futures (25,408) is trading flat. It made a high of 25,490 in the early trades and has been coming down from there. Support is at 25,350 which can be tested during the day.
If the contract manages to bounce from this support, it will be positive. In that case, the contract has good chances to 25,600-25,700 on the upside in the coming days.
On the other hand, if the contract breaks below 25,350, it will come under selling pressure. Such a break can drag it down to 25,200.
Our preference will be to see the contract bouncing back from around 25,350.
Trade Strategy
Traders can go long now at 25,408. Accumulate on dips at 25,370. Keep the stop-loss at 25,320. Trail the stop-loss up to 25,440 as soon as the contract goes up to 25,470. Revise the stop-loss higher to 25,480 and 25,530 when the contract touches 25,510 and 25,560 respectively. Exit the long positions at 25,580.
Supports: 25,350, 25,200
Resistances: 25,530, 25,650
Published on January 28, 2026
