Nifty 50 is stuck in a narrow range since yesterday. It has been oscillating between 25,400 and 25,500. Within this range, the index is currently trading at 25,450, down marginally by 0.05 per cent. The advances/declines ratio is at 23:27.
Nifty 50 Outlook
The immediate outlook is unclear. A breakout on either side of 25,400-25,500 will decide the next move.
A break above 25,500 can take the index up to 25,550 initially. A subsequent break above 25,550 will then strengthen the momentum. It will then clear the way for a rise to 25,650-25,700 and higher levels.
On the other hand, if Nifty breaks below 25,400, it can test 25,370 initially. Only a break below 25,370 will bring the index under more selling pressure and drag it down to 25,280.
A bounce from 25,370 can also take the Nifty back up to 25,500-25,550.
Nifty Futures
The Nifty 50 July Futures (25,545) is trading flat. The contract has support at 25,450 and resistance around 25,600. It has been stuck between these levels now. So breakout on either side of 25,450 or 25,600 is needed to get clarity on the next move.
A break above 25,600 can take the contract up to 25,640. A decisive break above 25,640 can then boost the momentum to see 25,800 on the upside.
On the other hand, a break below 25,450 will be bearish to see 25,380 on the downside.
This 25,380 is an important support which can halt the current fall.
Trade Strategy
Since the market is stuck inside a narrow range, we suggest traders to stay out of the market for now. Wait for the range breakout and then take trades accordingly.
Supports: 25,450, 25,380
Resistances: 25,600, 25,640
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Published on July 8, 2025
