Nifty 50 has come down sharply today giving back all the gains made on Wednesday. It is currently trading at 25,180, down 0.64 per cent. The advances/declines ratio is at 14:36. This is negative.
Nifty 50 outlook
Nifty is facing strong resistance in the 25,350-25,400 region. Immediate support is around 25,160. A decisive below it can drag the index down to 25,000-24,950.
If the index manages to sustain above 25,160, then a bounce back to 25,350-25,400 is possible. In that case, a range of 25,160-25,400 can be seen for some time. A
Nifty has to breach 25,400 in order to regain the bullish momentum. Only then the upside will open up for a rise to 25,550.
The price action around 25,160 during the day is crucial.
Nifty 50 Futures
The Nifty 50 February (25,290) is down 0.61 per cent has come down sharply. Supports are at 25,240 and 25,200. A bounce from either of these supports can take the contract higher to 25,350-25,400 again.
The contract will come under more selling pressure only if it breaks below 25,200. Such a break can drag it down to 25,050 and even lower.
Our preference is to see a bounce from this 25,240-25,200 support zone.
Trade Strategy
Traders with high-risk appetite can go long at 25,260 and 25,220. Keep the stop-loss at 25,170. Trail the stop-loss up to 25,285 as soon as the contract goes up to 25,305. Revise the stop-loss higher to 25,310 and 25,345 when the contract touches 25,335 and 25,360 respectively. Exit the long positions at 25,380.
Supports: 25,240, 25,200
Resistances: 25,350, 25,450
Published on January 29, 2026
