Nifty 50 opened today’s session higher at 26,057 versus the previous close of 25,869. It is currently hovering around 26,080, up about 0.8 per cent.
The advances/ declines ratio of Nifty 50 stands at 42/8, showing a bullish bias. Infosys (up 4.1 per cent) is the top gainer, followed by HCL Technologies (up 3.2 per cent). On the other hand, InterGlobe Aviation (down 1 per cent) and Dr Reddy’s Laboratories (down 0.9 per cent) are the top losers.
Among the sectors, barring Nifty Oil & Gas (down 0.1 per cent), all others are in the green. Nifty IT (up 2.7 per cent) is the top performer, followed by Nifty PSU Banks (up 1.4 per cent).
The above factors give a positive inclination to the Nifty 50 index and, thus, Nifty futures is likely to gain further.
Nifty 50 futures
The October expiry Nifty futures opened today’s session higher at 26,161 versus Tuesday’s close of 25,906. It is currently trading at 26,150, up nearly 1 per cent.
The contract has closed the first hour of today’s session in the green and has managed to surpass the barrier at 26,000. As it stands, the probability of further rally is high.
From the current level, we expect Nifty futures to rise to 26,300 soon. On the other hand, if it declines and slips below support at 26,030, it can turn the intraday outlook bearish. In this scenario, the contract can extend the downswing to 25,920.
Overall, the outlook is bullish and although there might be a dip from the current level, Nifty futures is unlikely to fall below 26,000 today.
Trading strategy
Buy Nifty futures (October) at 26,150 and on a dip to 26,020. Target and stop-loss can be 26,300 and 25,920 respectively.
Supports: 26,000 and 25,920
Resistance: 26,300 and 26,500
Published on October 23, 2025
