Nifty Prediction Today – July 09, 2026: Nifty 50 Futures: Wait and watch to see if the bounce sustains

Nifty 50 has seen some recovery in the early trades today after having beaten down badly on Wednesday.  The index opened the day at 23,930 and has risen well from there. It is currently trading at 24,050, up 0.7 per cent. The advances/declines ratio is at 37:13. This is positive for now. But the trend has to sustain to keep the Nifty higher.

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Intraday support is at 23,950. If Nifty manages to hold above this support, then a rise to 24,100-24,200 is possible during the day.

This rise will get negated only if the Nifty declines below 23,950. If that happens, then 23,800-23,750 can be seen on the downside.

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The Nifty 50 July Futures (24,073) is up 0.65 per cent. Some resistance is around 24,100. A break above it can take the contract higher to 24,150 and even 24,250 in the coming sessions.

A reversal either from 24,100 or 24,150 can continue to keep it under pressure for revisiting 23,850-23,800 levels again.

We will have to wait and watch if a strong follow-through rise is happening from here or not.

The Nifty 50 July Futures contract can go higher from here. But, considering the risk/reward ratio, we prefer to stay out of the market.