Nifty 50 opened today’s session higher at 25,551 against yesterday’s close of 25,517. It inched up after opening and is currently hovering around 25,585, up 0.3 per cent.
The advance/decline ratio indicates a bullish bias as it stands at 31/19. Apollo Hospitals Enterprise (up 3.7 per cent) and Bharat Electronics Limited (BEL) (up 3.3 per cent) are the top performers so far today.
On the other hand, Axis Bank (down 1.5 per cent) and Trent (down 0.9 per cent) are the top losers among Nifty 50 constituents.
Notably, mid- and small-cap indices are in the green. Among the sectors, Nifty Oil & Gas (up 0.5 per cent) and Nifty Realty (up 0.3 per cent) top the charts. Nifty PSU Bank (down 0.7 per cent) and Nifty Pharma (down 0.6 per cent) are the top losers.
Nifty 50 futures
The July expiry Nifty futures opened today’s session higher at 25,636 against yesterday’s close of 25,614. It is now trading around 25,660, up 0.2 per cent.
Although the contract lost 0.5 per cent on Monday, the overall trend remains bullish. There is a support at 25,580. So, there is a good chance for Nifty futures (Jul) to rebound.
On the upside, the contract can rise to 25,800 and 26,000 soon. But in case it slips below the support at 25,580, the downswing might be extended to 25,400, a support.
Overall, the price action denotes a positive trend and the probability of an intraday rally is high.
Trading strategy
Traders can buy Nifty futures (Jul) at 25,660. Place stop-loss at 25,550. Book profits at 25,950.
Supports: 25,580 and 25,400
Resistance: 25,800 and 26,000
Published on July 1, 2025
