Nifty 50 opened the day with a wide gap-up and is sustaining higher. Rising hopes of a positive outcome from the second round of talks between the US and Iran has given the markets a leg up.

Nifty opened the day at 24,163.80 and is currently trading at 24,247, up 1.7 per cent. The advances/ declines ratio is at 46:4. This is positive.

Nifty 50 Outlook

The rise above 24,100 has strengthened the bullish case. Nifty has the potential to target 24,500-24,600 in the coming days.

A fall below 24,100 is needed to negate this bullish view. Only then will the downside open up for a fall to 23,950-23,900.

Nifty 50 futures

The Nifty 50 February futures (24,277) is up about 1.8 per cent. Strong support is in the 24,180-24,150 region. The contract can rise to 23,400 in the coming sessions.

From a short-term perspective, the upside is now open to see 24,800 in the coming days.

The contract will come under pressure only if it breaks below 24,150. If that happens, a fall to 23,950 is possible.

Trade Strategy

Positional trades can be considered at the moment. Traders can go long at 24,277. Accumulate on dips at 24,210. Keep the stop-loss at 24,080 initially. Trail the stop-loss up to 24,310 as soon as the contract goes up to 24,380. Revise the stop-loss higher to 24,430 and 24,540 when the contract touches 24,490 and 24,610, respectively. Exit the long positions at 24,680.

Please note that the above trade will have to be taken with a time frame of one week. Those who don’t want to take the risk of carrying forward the trade can stay out.

Supports: 24,150, 24,000

Resistances: 24,400, 24,800

Published on April 15, 2026