Nifty 50 began today’s session with a gap-up at 24,062 versus yesterday’s close of 24,006. The index gained further after opening and is now hovering around 24,125, up about 0.5 per cent.The advance/decline ratio stands at 34/16, showing a bullish bias. Infosys (up 5 per cent) and HCL Technologies (up 3.9 per cent) are the strongest stocks in Nifty 50 so far today. These are followed by TCS and Tech Mahindra, up by about 3 per cent each. Therefore, the IT stocks are drawing notable buying interest.On the other hand, L&T (down 1.2 per cent) is the weakest stock among Nifty 50 followed by Bharati Airtel (down 0.9 per cent).Notably, all the sectoral indices are in the green led by Nifty IT, up 3.8 per cent. This is followed by Nifty Midsmall IT & Telecom, up 1.8 per cent, and Nifty Metal, up 1.1 per cent.Nifty 50 futuresThe July expiry Nifty futures began today’s session higher at 24,161 versus Wednesday’s close of 24,093. It rose after opening and is now trading at 24,180, up 0.4 per cent.While we anticipated a breakout of 24,150 yesterday, Nifty futures remained below this throughout yesterday’s session. But today, the contract has surpassed this hurdle aided by the gap-up opening.However, note that Nifty futures has nearly touched the resistance at 24,250 by making a high of 24,247 in the first hour of today’s trade. Therefore, even though there are factors supporting the bullish bias, the bulls ought to be a little cautious.That said, so long as the contract stays above 24,150 today, the bulls will have an edge over the bears and a rally to 24,350 is a possibility.In case Nifty futures slips below the support at 24,150, it can extend the decline to 24,050 and 24,000. Trading strategyRisk averse traders can stay out. But traders with higher risk tolerance can buy Nifty futures (July) if it reclaims 24,200. Target and stop-loss can be 24,350 and 24,080 respectively. Consider carrying this trade to Friday if neither target nor stop-loss is triggered. Supports: 24,050 and 24,000Resistance: 24,250 and 24,350Published on July 2, 2026