Nifty 50 opened today’s session with a gap-up at 24,864 versus yesterday’s close of 24,773. It is currently hovering around 24,850, up 0.3 per cent so far today.
The advance/decline ratio of Nifty 50 stands at 28/22, showing a bullish bias. Infosys (up 3.8 per cent) is the top gainer followed by Wipro (up 2.6 per cent). On the other hand, Eternal (down 1 per cent) and Shriram Finance (down 0.6 per cent) are the top losers.
Most of the mid- and small-cap indices are in the green like the benchmark index.
Among the sectors, Nifty IT (up 1.7 per cent) is the top performer followed by Nifty Pharma (up 0.5 per cent). Nifty Realty (down 0.5 per cent) and Nifty Consumer Durables (down 0.3 per cent) are the top losers.
Nifty 50 futures
The September expiry Nifty futures opened today’s session higher at 24,931 versus yesterday’s close of 24,893. It is currently trading at 24,950, up nearly 0.3 per cent.
Although the contract is up so far today, it faces a resistance at 25,000. Immediate hurdle above this is at 25,125. Only a clear breakout of 25,125 can give strength for the bulls to establish a sustainable rally.
On the other hand, from the current level of 24,940, the nearest support is at 24,750. Subsequent support is at 24,650.
Overall, as Nifty futures is trading below a resistance, the chances for the bears to gain traction at the current level is high. In that case, we are likely to see an intraday drop to 24,750.
Trading strategy
Short Nifty futures (Sep) now at 24,950 with a stop-loss at 25,100. Book profits at 24,750.
If the stop-loss of the above trade is triggered, consider taking a fresh long position. That is, buy Nifty futures (Sep) with a stop-loss at 24,980 for a target of 25,300.
Supports: 24,750 and 24,650
Resistance: 25,000 and 25,125
Published on September 9, 2025
