Nifty 50 opened today’s session with a gap-down at 24,760 versus Wednesday’s close of 24,836. It is currently hovering around 24,800, down about 0.2 per cent.
The advance/decline ratio of Nifty 50 stands at 19/31, showing a bearish bias. Tata Steel (up 3.3 per cent) is the top gainer followed by Hindalco Industries (up 2.1 per cent). On the other hand, Max Healthcare Institute (down 2.9 per cent) and Shriram Finance (down 1.8 per cent) are the top losers.
Among the sectors, Nifty Metal (up 1.6 per cent) is the top gainer. This is followed by Nifty PSU Bank and Nifty Private Bank, up 0.45 per cent each. Nifty Media (down 1.1 per cent) and Nifty Auto (down 0.7 per cent) are the top losers.
Nifty 50 futures
The October expiry Nifty futures opened today’s session marginally lower at 24,950 versus Wednesday’s close of 24,967. It is currently trading at 24,940, down 0.1 per cent.
The price action shows that the contract has formed a base at 24,900. Also, it made a higher high early this week. Thus, the inclination is now bullish.
We expect Nifty futures to resume the rally, surpass 25,000 and touch 25,200 soon.
On the other hand, if the contract slips below 24,900, it can extend the decline to 24,820 and 24,750, potential support levels.
Overall, as Nifty futures is trading above the support at 24,900, the likelihood of a rally is high and so, traders can consider long positions.
Trading strategy
Buy Nifty futures (October) now at 24,940 and accumulate at 24,900. Target and stop-loss can be 25,150 and 24,800 respectively.
Supports: 24,820 and 24,750
Resistance: 25,000 and 25,200
Published on October 3, 2025
