Nifty 50 is trading lower but stable below 25,600. The price action indicates that the index is stuck in a narrow range between 25,500 and 25,600. Within this range, it is currently trading at 25,527, down marginally by 0.05 per cent. The advances/declines ratio is at 19:31. This is negative.
Nifty 50 outlook
The intraday picture is weak. There is room on the downside to touch 25,450-25,400 – an important support zone. However, after this fall, there are good chances to see a reversal from around 25,400. That leg of rise can take the Nifty 50 back up to 25,500-25,600.
Nifty will come under more pressure only if it declines below 25,400. If that happens, there can be an extended fall to 25,200.
The price action around 25,400 during the day will need a very close watch.
Nifty 50 futures
The Nifty 50 July futures (25,615) is down 0.1 per cent. An intraday fall to 25,550 is possible. This level of 25,550 is a good support from where the contract can reverse higher again. Such a bounce can take the Nifty 50 July futures contract up to 25,700 and even higher going forward.
The contract will come under more pressure only if it declines below 25,550. In that case, an extended fall to 25,400 is possible.
Trade strategy
We expect the support at 25,550 to hold and the contract to bounce back. So, wait for dips. Go long at 25,570. Keep the stop-loss at 25,510. Trail the stop-loss up to 25,590 as soon as the contract goes up to 25,615. Move the stop-loss further up to 25,620 and 25,640 when the contract touches 25,645 and 25,660 respectively. Exit the long positions at 25,690.
Supports: 25,550, 25,400
Resistances: 25,600, 25,700
Published on July 2, 2025
