Nifty 50 opened today’s session at 24,621 versus Tuesday’s close of 24,611. It is currently hovering around 24,650, up about 0.2 per cent.
The advance/decline ratio of Nifty 50 stands at 24/26. Sun Pharmaceuticals (up 2.4 per cent) is the top gainer followed by Kotak Mahindra Bank (up 2.1 per cent). On the other hand, Bajaj Finance (down 1.9 per cent) and Asian Paints (down 1.2 per cent) are the top losers.
Among the sectors, Nifty Media (up 1.6 per cent) is the top gainer followed by Nifty Healthcare Index (up 1 per cent). On the other hand, Nifty IT (down 0.5 per cent) is the top loser.
Nifty 50 futures
The October expiry Nifty futures opened today’s session at 24,752 versus yesterday’s close of 24,778. It is currently trading at 24,780.
While the trend has been bearish, Nifty futures has key support levels ahead at 24,750 and 24,650. These supports can arrest the decline.
However, this does not automatically indicate a bullish trend reversal. The contract should surpass the nearest barrier at 24,900 in order to turn the trend bullish.
A breakout of 24,900 can lift Nifty futures to 25,000 and 25,200.
Overall, Nifty futures is trading near a base but a clear breakout of the nearest resistance is needed for a sustainable rally.
Trading strategy
Stay out for now as the trend is unclear. Traders can consider fresh trades in Nifty futures (Oct) along the direction of the break of the 24,750-24,900 range.
Supports: 24,750 and 24,650
Resistance: 24,900 and 25,000
Published on October 1, 2025
