Nifty 50 has recovered well in the early trades after witnessing an intraday fall on Monday. The index is currently trading at 24,460, up 0.4 per cent. The advances/declines ratio is at 37:13. This is positive. Nifty can rise more if this trend sustains during the day.

Nifty 50 Outlook

Nifty has very good support in the 24,300-24,280 region. Intraday resistances are at 24,520 and 24,570 which can be tested during the day. The price action thereafter will need a close watch.

A break above 24,570 will boost the bullish momentum. Such a break can then take the Nifty higher to 24,700 and even to 25,000 in the coming days.

On the other hand, a downward reversal from around 24,570 can see a short-lived dip to 24,500 or 24,400. Thereafter a fresh rise can take the Nifty above 24,570 eventually.

Nifty 50 Futures

The Nifty 50 April Futures (24,454) is up 0.5 per cent. The contract has risen back well from the support at 24,300.

Intermediate resistance is around 24,500. A break above it can take the contract up to 24,650 in the coming sessions.

A lower support is at 24,230. The Nifty 50 April Futures contract has to break this support to come under pressure. Only then a fall to 24,150 and lower levels will come into the picture.

Trade Strategy

Traders can go long on a break above 24,500. Keep the stop-loss at 24,430. Trail the stop-loss up to ₹24,530 as soon as the contract goes up to 24,570. Revise the stop-loss higher to 24,560 and 24,590 when the contract touches 24,595 and 24,610 respectively. Exit the long positions at 24,640.

Supports: 23,400, 24,300

Resistances: 24,500, 24,650

Published on April 21, 2026