Nifty 50 began today’s session higher at 24,126 versus Wednesday’s close of 24,021. The index inched up after opening and is now at 24,140, up 0.5 per cent.
The advance/decline ratio of Nifty 50 now stands at 31/19, showing a bullish bias. Mahindra & Mahindra, up 3 per cent, is the top gainer. This is followed by InterGlobe Aviation and Tata Motors Passenger Vehicles (TMPV), up 2.8 per cent each.
On the other hand, Power Grid Corporation of India and Hindalco Industries, down 1.3 per cent each, are the top losers. This is followed by Coal India, down 1.2 per cent.
Among the sectors, barring Nifty Metal (down 0.7 per cent), Nifty IT (down 0.5 per cent) and Nifty Media (down 0.25 per cent), all others are in the green, showing a broad-based buying. Nifty Auto (up 2.2 per cent) and Nifty Realty (up 1.4 per cent) top the charts.
As it stands, the above factors broadly give a positive bias for Nifty 50 and thus, Nifty futures is likely to be bullish today.
The June expiry Nifty futures began today’s session with a gap-up at 24,129 versus yesterday’s close of 24,052. It is now hovering around at 24,140, up nearly 0.4 per cent.
A strong bounce off the support at 23,800 on Wednesday indicates that the bulls are gaining traction, especially considering the extension of the rally in today’s early trade.
However, the price action over the last few days shows that 24,180 is acting as a good barrier. On the back of the current positive bias, if Nifty futures surpasses 24,180, it can see an upswing to 24,380.
On the other hand, if the contract declines from the current level of 24,140 it can find support between 24,025 and 24,000. If Nifty futures breaks below 24,000, it can turn the outlook weak, potentially leading to a drop to 23,900 and 23,800.
That said, overall, the bias remains positive at the moment and the breakout of 24,180 is likely to occur.
Buy Nifty futures (Jun) if it breaks out of 24,180. Place stop-loss at 24,080 and book profits at 24,380.
In case neither the target nor the stop-loss is triggered, we suggest exiting the position just before the end of the session.
Supports: 24,000 and 23,900
Resistance: 24,180 and 24,380
Published on June 25, 2026
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