Nifty 50 is managing to hold higher but seems to lack momentum. The bounce from the low of 24,940 on Thursday indicates the presence of good buyers below the psychological 25,000 mark. That keeps the overall bias positive.
Nifty is currently trading at 25,073, up 0.27 per cent. The advances/declines ratio is at 32:18. This is positive for now and if that sustains, Nifty can rise further during the day.
Nifty 50 Outlook
The rise above 25,000 is a positive. This psychological level of 25,000 can be a good intraday support. Below that 24,950-24,930 will be the next significant support. The outlook is bullish to see a rise to 25,150 and even 25,250 in the coming sessions.
Nifty has to dip below 25,000 to turn the intraday picture negative. That can take it down to 24,950-24,930. However, the broader picture will continue to remain positive. As such there are good chances for the Nifty to reverse higher from the 24,950-24,930 again and keep the broader uptrend intact.
Nifty 50 Futures
The Nifty 50 September Futures (25,165) is up 0.24 per cent. The contact has rise well breaking the 25,100-25,120 resistance zone. This keeps intact our broader bullish view. We expect the Nifty 50 September Futures contract to rise towards 25,300 in the first half next week.
The contract has to fall below 25,100 to see a dip to 25,050-25,000 again. But that looks less likely as the breakout above 25,120 is indicating strength. As such we expect the Nifty 50 September Futures contract to sustain above 25,100 going forward.
Trade Strategy
Hold on to the long positions taken at 25,070. The revised stop-loss level will now be at 25,100. Retain the same strategy. Move the stop-loss higher to 25,180 and 25,220 when the contract touches 25,210 and 25,250. Exit the longs at 25,280.
This trade can be carried forward for next week.
Supports: 25,100, 25,050
Resistances: 25,250, 25,300
Published on September 12, 2025