Nifty 50 began today’s session with a gap-up at 23,928 versus Friday’s close of 23,767. The index is now hovering around 23,950, up 0.8 per cent.The advance/decline ratio stands at 42/8, showing a bullish bias. InterGlobe Aviation (up 3.7 per cent) and Eternal (up 3.2 per cent) are the top gainers among Nifty 50 constituents.On the other hand, ONGC (down 2.5 per cent) is the top loser followed by Bharti Airtel (down 0.3 per cent). Notably, all the sectors are in the green led by Nifty IT, up 2.5 per cent. This is followed by Nifty Media, down 1.7 per cent. The above factors show that the buying is broad-based and so, Nifty is likely to stay positive for the rest of the day and so does Nifty futures.Nifty 50 futuresThe July expiry Nifty futures began today’s session higher at 23,940 versus last week’s close of 23,807. It is now hovering around 23,950, up 0.6 per cent.While there are positive indications so far today, Nifty futures has a resistance ahead at 24,000. Only a clear breakout of this will lead to a steady rally. A rally past 24,000 can lift the contract to 24,125 and subsequently to 24,250. But the upswing to 24,250 might not happen today even if 24,000 is breached.On the other hand, if Nifty futures falls off the barrier at 24,000, it can find support at 23,800. Subsequent support is at 23,650. Overall, there is some uncertainty at the moment as there are positive indications but at the same time, there is a barrier ahead which can arrest the rally. Trading strategyStay out for now. Buy Nifty futures only if it breaks out of 24,000. Target and stop-loss can be 24,250 and 23,880 respectively.In case this trade gets triggered and neither target nor stop-loss is triggered before the end of today’s session, you can consider carrying it to Tuesday. Note that the July contract expires on Tuesday. Supports: 23,800 and 23,650Resistance: 24,000 and 24,150Published on July 27, 2026