Nifty 50 began today’s session with a gap-up at 24,177 versus yesterday’s close of 23,985. The index is now hovering around 24,200, up 0.9 per cent.The advance/decline ratio of Nifty 50 stands at 41/9, showing a strong bullish bias. L&T (up 3.5 per cent) is the top gainer followed by Hindustan Unilever (up 3.1 per cent). On the other hand, BEL (down 1 per cent) leads the decline followed by Adani Ports and Axis Bank, down 0.5 per cent each.Barring Nifty Realty (down 0.7 per cent), all other sectors are in the red. Nifty IT (up 2.4 per cent) tops the chart followed by Nifty Metal (up 1.9 per cent).Nifty 50 futuresThe August expiry Nifty futures began today’s session higher at 24,228 versus last week’s close of 24,099. It is now hovering around 24,270, up 0.7 per cent.After a gap-up open the contract has sustained the gains in the first hour of today’s trade, which is a positive indication. So long as Nifty futures remain above 24,200, the intraday outlook will remain positive.From the current level, the nearest resistance is at 24,370. Subsequent barrier is at 24,450. If Nifty futures can sustain above 24,200, it can rally to 24,370 today if not 24,450. But a rise to 24,450 is likely to happen before the end of this week.However, if the support at 24,200 is breached, the contract can extend the fall to 24,000. Support below 24,000 is at 23,800. Overall, the bias is positive at the moment and we expect Nifty futures to extend the rally. Trading strategyBuy Nifty futures (Aug) at 24,250. Target and stop-loss can be 24,370 and 23,900 respectively. Supports: 24,200 and 24,000Resistance: 24,370 and 24,450Published on July 29, 2026