Nifty 50 began today’s session at 24,097 compared to yesterday’s close of 23,996. The index rose after opening and is now trading at 24,215, up 0.9 per cent.

The advance/decline ratio is at 43/7, showing a bullish bias. Maruti Suzuki India (up 4.6 per cent) is the top gainer followed by Tech Mahindra (up 2.7 per cent).

On the other hand, Dr. Reddy’s Laboratories, Tata Steel and JSW Steel, down 0.8 per cent each, have lost the most so far today.

Coming to sectoral indices, Nifty Metal (down 0.4 per cent) and Nifty Media (down 0.25 per cent) are the only losers. Nifty Auto (up 2.3 per cent) and Nifty IT (up 1.4 per cent) are the top gainers. 

Nifty 50 futures

The May expiry Nifty futures opened today’s session higher at 24,129 versus yesterday’s close of 24,069. It is now trading at 24,360, up 1.2 per cent.

In today’s first hour of trade, Nifty futures closed above the resistance at 24,250, opening the door for further rally. The contract has the potential to rise to 24,700 before the end of this week.

But in case Nifty futures drops below 24,250, it can negate the positive inclination and the contract might decline to 24,080. The price band between 24,000 and 24,080 is a good support.

That said, the price action shows a clear bullish bias and so, traders can consider going long.  

Trading strategy

Buy Nifty futures (May) if it slips to 24,280. Target and stop-loss can be 24,700 and 24,080 respectively. If neither target nor stop-loss is triggered today, consider carrying the trade till Friday.

Supports: 24,080 and 24,000

Resistance: 24,700 and 24,800

Published on April 29, 2026