Nifty 50 has opened the week with a gap-up and is trading higher. The index opened the day at 24,110 and touched a high of 24,142 in the early trades. It is currently trading at 24,120, up 0.44 per cent. The advances/declines ratio is at 33:17. This is positive.

Nifty 50 Outlook

The outlook is positive. Intraday support is in the 24,060-24,050 region. Nifty can rise to 24,200 in the coming sessions. A decisive break above 24,200 can then take the index higher to 24,400 in the next few days.

Nifty has to break below 24,050 and then see a subsequent fall below 24,000. Only then the near-term outlook will turn negative. If that happens, a fall to 23,900 will come back into the picture.

Our preference will be to see the Nifty sustaining above 24,050.

Nifty 50 Futures

The Nifty 50 June Futures (24,135) is up 0.32 per cent. The outlook is positive. Support for the day will be in the 24,100-24,080 region. Nifty 50 June Futures contract can rise to 24,300 in the coming sessions.

This rise will get negated only if the contract declines below 24,080. In that case, the sentiment will turn negative and a fall to 23,950 or 23,880 can be seen.

Trade Strategy

Traders can go long now at 24,135. Accumulate on dips at 24,105. Keep the stop-loss at 24,040. Trail the stop-loss up to 24,160 as soon as the contract goes up to 24,190. Revise the stop-loss higher to 24,195 and 24,230 when the contract touches 24,220 and 24,255 respectively. Exit the long positions at 24,285.

Supports: 24,080, 24,000

Resistances: 24,300, 24,400

Published on June 22, 2026