Nifty 50 began today’s session with a marginal gain at 24,641 versus Wednesday’s close of 24,625. It is now hovering around 24,625.The advance/decline ratio stands at 16/34, showing a bearish bias. Shriram Finance, up 2.1 per cent, is the top gainer followed by Eternal, up 1.8 per cent. Whereas Power Grid and Trent, down 2.7 and 2.1 per cent respectively, are the top losers. Among the sectors, Nifty Midsmall Healthcare, up nearly 0.7 per cent is the best performer followed by Nifty Pharma, up 0.6 per cent. On the other hand, Nifty Media, down 0.8 per cent, is the biggest loser so far followed by Nifty IT, down 0.3 per cent.Broadly, while Nifty 50 is sustaining above a support, it is not able to gain traction to move higher. Consequently, Nifty futures is also trading flat. Below is an analysis. Nifty 50 futuresThe August expiry Nifty futures began today’s session higher at 24,687 versus yesterday’s close of 24,647. It is now hovering around 24,720, up 0.3 per cent.The price action over the past few days shows a bullish bias even though it had stayed largely flat. However, there is a resistance at 24,750, which has been blocking the bulls. If Nifty futures surpasses 24,750, it can extend the rally to 25,000. Instead, if it falls from the current level of 24,720, it can find support at 24,600 and 24,500. So long as the latter holds true, the bulls will have an edge over the bears.But the chart shows that the probability of a breakout of 24,750 is higher.Trading strategyBuy Nifty futures (August) if it breaks out of 24,750. Place initial stop-loss at 24,650. When the contract rises to 24,900, raise the stop-loss to 24,800. Book profits at 25,000.Supports: 24,600 and 24,500Resistance: 24,750 and 24,800Published on August 6, 2026