Nifty 50 Futures Show Bullish Potential Amid Range-Bound Trading
The Nifty 50 index remains range-bound this week, oscillating between 25,060 and 25,310. Currently trading at 25,221—up 0.3%—the index exhibits positive momentum with an advances/declines ratio of 43:7. A sustained trend could propel Nifty toward a bullish breakout above 25,350, targeting 25,500-25,600.
Key intraday supports lie at 25,200 and 25,150. Holding above these levels may drive the index to 25,300-25,350, while a drop below 25,150 risks a decline toward 25,050-25,000. Nifty 50 October Futures (25,320) ROSE 0.44%, with immediate support at 25,300. A hold above 25,240 could push the contract to 25,450; breaching this level may trigger a slide to 25,130-25,100.
Traders are advised to go long at 25,320, accumulating on dips for potential upside.
