Nifty 50 began today’s session with a gap-up at 24,376 versus yesterday’s close of 24,176. The index moderated after opening and is now hovering around 24,330, up nearly 0.7 per cent.The advance/decline ratio of Nifty 50 now stands at 42/8, showing a positive bias. HCL Technologies (up 3.8 per cent) and Tata Steel (up 2.8 per cent) are the best performers so far. State Bank of India and Tata Motors Passenger Vehicles, down 0.9 per cent each, are the weakest stocks in the index.Barring Nifty PSU Bank (down 1.5 per cent) all other sectors are in the green led by Nifty Metal (up 1.8 per cent) and Nifty Cement (up 1.7 per cent).The above factors show a bullish inclination and Nifty 50 seeing a fresh breakout early today adds momentum to the uptick.Nifty 50 futuresThe July expiry Nifty futures began today’s session higher at 24,385 versus Thursday’s close of 24,265. It rose after opening and is now trading at 24,400, up 0.6 per cent.The contract has now broken out of the resistance at 24,350, opening the door for further rally. Nevertheless, there could be a minor corrective decline, possibly to retest 24,350, before the next leg up.Once the rally resumes, Nifty futures can rise to 24,530 and subsequently to 24,575. On the other hand, if it slips below 24,350, it could dip to 24,300.Overall, the price action is bullish and there is a good chance for Nifty futures to rally further today. Trading strategyBuy Nifty futures (Jul) at 24,350 and place a stop-loss at 24,280. Book profits at 24,500. In case neither the target nor the stop-loss is triggered before the end of the session, consider exiting the trade just before the day close.Supports: 24,350 and 24,300Resistance: 24,530 and 24,575Published on July 3, 2026