Nifty 50 has come down and is trading in red today. The index opened with a gap-down at 24,470.85 and is currently trading at 24,431, down 0.61 per cent. The advances/declines ratio is at 15:35. This trend has to turn in favour of the advances to push the Nifty higher.

Nifty 50 Outlook

Intraday support is in the 24,370-24,350 region. This support zone can be tested during the day. However, a fall below 24,350 is less likely. We can expect the Nifty to reverse higher from the 24,370-24,350 support zone. That leg of rise can take the Nifty up to 24,500-24,550 again. An eventual break above 24,550 can then boost the momentum and clear the way for a fresh rally to 24,800 in the coming days.

Nifty has to decline below 24,350 to negate the bullish view. If that happens, a fall to 24,200-24,180 is possible.

Nifty 50 Futures

The Nifty 50 April Futures (24,390) is down 0.8 per cent.  Immediate support is at 24,330. Below that 24,250 is the next important support. We can expect the contract to reverse higher from either of these supports. Such a rise can take the Nifty 50 April Futures contract up to 24,600 again.

The contract will come under more selling pressure only if it declines below 24,200. In that case, a test of 24,000-23,950 on the downside can be seen.

Supports: 24,330, 24,250

Resistances: 24,500, 24,600

Published on April 22, 2026