Nifty 50 began today’s session with a gap-up at 23,998 versus yesterday’s close of 23,914. The index is now hovering around 23,960, up 0.2 per cent in today’s early trade.The advance/decline ratio of Nifty 50 now stands at 21/29, showing a bearish bias. Adani Ports (up 2.1 per cent) is the top gainer followed by ICICI Bank (up 1.5 per cent) among the Nifty 50 stocks.Tech Mahindra (down 1.8 per cent) and HCL Technologies (down 1.4 per cent) are the top losers. These are followed by Infosys and TCS, down 1.2 and 1 per cent each. Therefore, the IT stocks appear to be facing considerable selling pressure as a group.Consequently, Nifty IT is the weakest sectoral index by falling 1.5 per cent. On the other hand, Nifty PSU Bank, up 1.3 per cent, is the best performing sector.Considering the price action since yesterday, we can see that Nifty 50 has bounced off a support yesterday. But there is a minor hurdle ahead, a breach of which can trigger a fresh leg of rally. Hence, Nifty futures, too, has the potential to see an uptick.Nifty 50 futuresThe September expiry Nifty futures opened the day higher at 24,085 versus yesterday’s close of 24,000. The contract is now trading at 24,100, up about 0.5 per cent so far today.There is a minor resistance at 24,130. If the contract surpasses this level, it can extend the rise to 24,250. A breakout of 24,250 can lift Nifty futures to 24,300.Instead, if the September Nifty futures declines on the back of the barrier at 24,130, it can drop to 24,025. For intraday, support below 24,025 is at 23,950. A breach of the latter can trigger a sell-off to 23,800.That said, following a recovery from support yesterday, the price action so far today has been optimistic and therefore, we anticipate a breakout of 24,130 followed by a rally to 24,250. So, traders can consider intraday longs.Trading strategyBuy Nifty futures (Sep) once it surpasses the resistance at 24,130 and place a stop-loss at 24,070. Book profits at 24,250.Supports: 24,025 and 23,950Resistance: 24,130 and 24,250Published on September 3, 2026