Nifty 50 opened today’s session with a gap-up at 24,864 compared to yesterday’s closing of 24,773. It is currently floating around 24,850, so far with 0.3 percent nowadays.
The advance/decline of Nifty 50 is on 28/22, with a bullish bias. Infosys (an increase of 3.8 percent) is the top amplifier followed by Wipro (an increase of 2.6 percent). On the other hand, eternal (1 percent) and Shriram Finance (0.6 percent) are the best losers.
Most indexes in the middle and small cap are in the green such as the benchmark index.
Under the sectors, Nifty IT (an increase of 1.7 percent) is the best performer followed by Nifty Pharma (an increase of 0.5 percent). Nifty Realty (0.5 percent) and Nifty consumers sustainable (0.3 percent) are the best losers.
Nifty 50 Futures
The September loop -like futures opened today’s session higher at 24,931 compared to yesterday’s closure of 24,893. It is currently trading at 24,950, an increase of almost 0.3 percent.
Although the contract has risen so far, it is opposite a resistance at 25,000. Immediate obstacle above is 25,125. Only a clear outbreak of 25,125 can give the bulls strength to establish a sustainable rally.
On the other hand, from the current level of 24,940, the nearest support is 24,750. The subsequent support is 24,650.
In general, since Nifty Futures acts under a resistance, the chances for the bears to obtain a grip on the current level are high. In that case we will probably see an intraday fall fall to 24,750.
Trade strategy
Short handy futures (SEP) now at 24,950 with a stop-loss on 25,100. Book profit on 24,750.
If the stop loss of the above trade is activated, consider taking a new long position. That is, buy Nifty Futures (SEP) with a stop-loss on 24,980 for a target of 25,300.
Support: 24,750 and 24,650
Resistance: 25,000 and 25,125
Published on September 9, 2025
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