Nifty 50 is trading lower. It seems to be struggling to get a strong follow-through buying after the strong bounce from the low of 24,266 made on Wednesday. The index is currently trading at 24,330, down 0.26 per cent. The advances/declines ratio is at 16:34. This is negative.Nifty 50 outlookThe price action indicates that the Nifty is struggling to rise past 24,400 decisively. This keeps the chances alive to see a test of 24,250, a crucial support. A decisive break below 24,250 will be bearish. Such a break can drag the Nifty down to 24,000.A sustained rise above 24,400 is needed to go higher towards 24,480-24,500. It is a wait and watch situation for now.Nifty 50 futuresThe Nifty 50 August futures (24,401) is down 0.26 per cent. Strong resistance is in the 24,450-24,470 region. The contract has to breach 24,470 decisively in order to go up to 24,540 or 24,580.Intraday support is around 24,350. A break below it can drag the contract down to 24,300 or even lower.For now, 24,350-24,470 can be the trading range. A breakout on either side of 24,350-24,470 will then determine the next leg of move.Trade strategyThe risk/reward ratio is not favouring any trades at the moment. We suggest traders to stay out of the market. See how the index closes for the week today. Trades can be taken accordingly next week.Supports: 24,350, 24,300Resistances: 24,470, 24,540Published on August 14, 2026