Nifty 50 began today’s session at 24,575 versus Monday’s close of 24,584. The index fell after opening and is now trading at 24,475, down nearly 0.5 per cent.The advance/decline ratio stands at 17/33, showing a bearish bias. Eicher Motors (up 1.4 per cent) and Titan Company (up 1.2 per cent) are the top gainers among Nifty 50 stocks.On the other hand, Tata Consumer Products (down 1.9 per cent) is the weakest followed by Nestle India (down 1.5 per cent).Among the sectors, Nifty IT is the best performer, up 0.35 per cent, whereas Nifty Private Bank, down 0.9 per cent, is the weakest.The above factors show that there is a negative bias at the moment. However, Nifty 50 and Nifty futures have support levels ahead that can mitigate the strength of the bears.Nifty 50 futuresThe August expiry Nifty futures began today’s session lower at 24,620 versus yesterday’s close of 24,660. It is now hovering around 24,540, down 0.5 per cent.The contract slipping below the support at 24,600 is a sign of weakness. However, the chart shows that Nifty futures has another support at 24,500. Only a breach of this can strengthen the bears.If the support at 24,500 is taken down, Nifty futures can see a quick fall to 24,400 and subsequently to 24,200.On the other hand, if the contract recovers from the current level of 24,540, it ought to reclaim 24,600 in order to see an extended rally. A breach of 24,600 can trigger an uptick to 24,750. Trading strategyRisk-averse traders can stay out. Participants with higher risk tolerance can short Nifty futures (Aug) now at 24,540. Target and stop-loss can be 24,400 and 24,620 respectively.Supports: 24,500 and 24,400Resistance: 24,600 and 24,750Published on August 11, 2026