Nifty 50 opened with a wide gap-down and is trading lower. The index is currently at 24,243, down 0.63 per cent. The advances/declines ratio is at 15:35. This is negative. If this trend sustains, then Nifty can fall more.Nifty 50 outlookThe fall below 24,300 is a negative. This has increased the chances of seeing 24,170 or 24,130 on the downside. The region around 24,130 is a good support. We expect the Nifty to reverse higher from around 24,130 and go back up to 24,300. A strong rise above 24,300 is now needed to turn the sentiment positive.For now, the preferred path of move would be to see a dip to 24,130 and then a rise back to 24,300Nifty 50 futuresThe Nifty 50 July Futures (24,275) is down 0.68 per cent. It is now hovering around the support level of 24,270. There is room on the downside to see 24,180-24,160. A break below 24,220 can trigger this fall.Resistance is in the 24,350-24,360 region. The contract has to breach this hurdle in order to bring back the bullishness. Only then a rise to 24,450-24,500 can be seen again,Trade StrategySince our earlier bullish view has gone wrong, we prefer to stay out of the market for a day or two.Supports: 24,220, 24,160Resistances: 24,360, 24,450Published on July 8, 2026