Nifty 50 is managing to hold higher after witnessing a good bounce on Monday. The index is currently trading at 24,458, up 0.12 per cent. The advances/ declines ratio is at 25:25. This will need close watch. The advances have to increase in order to keep the index higher. Else the Nifty can see an intraday fall. We will have to wait and watch.Nifty 50 OutlookIntraday support is in the 24,400-24,370 region. As long as the Nifty stays above this support zone, the bias will remain positive. Nifty can rise to 24,550-24,600 in the coming sessions.The near-term picture will turn negative only if the index declines below 24,370. If that happens, then 24,300 can be seen on the downside during the day.Nifty will come under more selling pressure only if it declines below 24,300. In such a scenario, a fall to 24,150-24,000 will come into the picture. That, in turn, will negate the bullish view of seeing a rise to 24,550-24,600.But such a fall looks less likely. We expect the Nifty to sustain above 24,370 itself.Nifty 50 FuturesThe Nifty 50 July Futures (24,502) is up about 0.1 per cent. Immediate support is at 24,450. Below that 24,370-24,350 is the next strong support. Outlook remains bullish to see a rsie to 24,650-24,700 this week.The contract has to decline below 24,350 to negate this bullish view and fall to 24,250 and lower.Trade StrategyThe trailing stop-loss at 24,475 was hit on the long positions recommended yesterday.Traders can take fresh long positions now at 24,502. Accumulate on dips at 24,470. Keep the stop-loss at 24,380. Trail the stop-loss up to 24,540 as soon as the contract goes up to 24,585. Revise the stop-loss higher to 24,595 and 24,630 when the contract touches 24,620 and 24,660, respectively. Exit the longs at 24,680.Supports: 24.450, 24,350Resistances: 24,600, 24,700Published on July 7, 2026