Nifty 50 began today’s session with a gap-up at 24,045 versus Tuesday’s close of 23,989. The index inched up after opening and is now at 24,050, up 0.25 per cent so far today.The advance/decline ratio of Nifty 50 is now at 33/17, showing a bullish bias. Trent, up 3.4 per cent, is the top gainer followed by Eternal, up 1.9 per cent.At the other end, Tata Motors Passenger Vehicles (TMPV) is the top loser by declining 0.8 per cent followed by ONGC and NTPC, down about 0.7 per cent each.Coming to the sectors, most of them are in the green led by Nifty Consumer Durables, up 1.5 per cent. This is followed by Nifty Media, up 0.7 per cent. Nifty Realty, down 0.5 per cent, is the biggest loser among the sectoral indices.Overall, the outlook remains bullish and buying interest can be seen in Nifty futures too. Below is an analysis. Nifty 50 futuresThe June expiry Nifty futures began today’s session higher at 24,042 versus yesterday’s close of 24,001. It is now trading at 24,075, up 0.3 per cent.The contract has comfortably moved above the resistance at 24,000 in today’s early trade. The price action shows a good positive bias, keeping the probability of further rally high.From the current level, Nifty futures can soon hit 24,150. A breakout of this can open the door for a rally to 24,500.On the other hand, if the contract drops, it can find support at 24,000 and 23,960. A decline below the latter is less likely, especially after the breakout of 24,000. So, traders can be long on Nifty futures. Trading strategyOn Monday, we suggested buying Nifty futures (Jun) at 23,900. Retain this trade but revise the stop-loss up from 23,780 to 23,960. Book profits at 24,150.For fresh positions, traders can buy at 24,050. Target and stop-loss can be 24,150 and 23,960 respectively. Note that the risk-reward is about 1:1 and so, risk-averse traders can refrain from initiating fresh positions.In case neither the target nor the stop-loss is hit today, consider carrying the trade for tomorrow.Supports: 24,000 and 23,960Resistance: 24,150 and 24,500Published on June 17, 2026