Nifty 50 has begun the week on a positive note. The index has recovered almost all the loss made on Friday in the early trades today. It touched a low of 24,287 in the initial trades and has risen very well from there. Nifty is currently trading at 24,389, up 0.48 per cent. The advances/declines ratio is at 31:19. This is positive.Nifty 50 outlookThe strong bounce today is a positive. Good support is around 24,300. We expect the Nifty to rise towards 24,550 this week.The region between 24,300 and 24,250 is a good support zone. Nifty has to decline below 24,250 to turn the short-term picture negative. Only then a fall to 24,150 or 24,000 will come into the picture. Such a fall looks less likely at the moment.Nifty 50 futuresThe Nifty 50 July futures (24,445) is up 0.4 per cent. Strong support is around 24,330 which has held very well for now. Immediate resistance is at 24,450. We expect the contract to breach this hurdle and rise to 24,650-24,700 in the coming sessions.The contract has to break below 24,330 to go down to 24,280. However, the short-term outlook will turn negative only if the contract breaks below 24,280. If that happens, 24,100-24,000 can be seen on the downside.Trade strategyWe prefer a break above 24,450. But at the same time, a dip to 24,350 is also a possibility before the rise to 24,600 happens.So positional trade is recommended at the moment. Traders can go long now at 24,445. Accumulate on dips at 24,380. Keep the stop-loss at 24,280. Trail the stop-loss up to 24,475 as soon as the contract goes up to 24,505. Revise the stop-loss higher to 24,520 and 24,610 when the contract touches 24,580 and 24,640 respectively. Exit the long positions at 24,670.Supports: 24,330, 24,100Resistances: 24,450, 24,700Published on July 6, 2026