Nifty 50 began today’s session flat at 23,902 versus Wednesday’s close of 23,907. It inched up after opening and is now hovering around 23,950, up 0.2 per cent so far today.

The advance/decline ratio is equally split at 25/25. Infosys, up 4.1 per cent, and Wipro, up 2.5 per cent, are the top gainers. Whereas InterGlobe Aviation, down 1.3 per cent, and Bharti Airtel and ONGC, down 1.2 per cent each, are the top losers.

Among the sectors, Nifty IT, up 2.8 per cent, tops the chart followed by Nifty Realty, up 1.4 per cent. On the other hand, Nifty Metal, down 0.5 per cent, and Nifty Chemical, down 0.4 per cent, are the top losers.

Broadly, the benchmark index Nifty 50 is hovering near a support level. This can trigger a rally, taking Nifty futures higher. 

Nifty 50 futures

The June expiry Nifty futures opened today’s session flat at 23,994 versus previous session’s close of 23,997. It is now trading at 24,030, up 0.15 per cent.

The chart shows that Nifty futures has formed a good base at 23,930. It has now bounced off this level and the price action shows that the uptick in gaining traction. 

We expect the contract to extend the gain and touch 24,150 today. However, if there is a decline, Nifty futures can find support at 23,930. Only a breakdown below this will change the outlook bearish. Support below 23,930 is at 23,850. 

Nevertheless, as it stands, the chart shows a positive bias.

Trading strategy

Buy Nifty futures (June) at the current level of 24,030. Target and stop-loss can be 24,150 and 23,950 respectively.

Supports: 23,930 and 23,850

Resistance: 24,150 and 24,250

Published on May 29, 2026