Nifty Prediction Today – July 10, 2026: Nifty 50 Futures: Gaining momentum, go long on dips

Nifty 50 opened the day with a wide gap-up and is trading higher. The index opened the day at 24,126.70 and has risen well from there. It is currently trading at 24,220, up 1.08 per cent. The advances/declines ratio is at 45:5. This is very positive.

The strong rise above 24,100 is a positive. Intraday resistance is at 24,260. A break above it can take the index further higher to 24,350. Failure to breach 24,260 can drag the index down to 24,100 again.

The index will come under pressure for a fall to 23,950 only on a below 24,100. We prefer the Nifty to sustain above 24,100 and rise to 24,350 if the immediately but eventually.

The Nifty 50 July Futures (24,248) is up 1 per cent. Immediate resistance is around 24,270. A decisive break above it can take the contract higher to 24,370 in the coming sessions.

If the contract fails to break above 24,270 and turns down, then a pull back move to 24,150 can be seen. Fresh buyers are likely to come into the market around 24,150 and limit the downside.

In case the contract breaks below 24,150, an extended fall to 24,080 is possible.

Traders can go long on dips at 24,210 and 24,170. Keep the stop-loss at 24,110. Trail the stop-loss up to 24,235 as soon as the contract goes up to 24,260. Revise the stop-loss higher to 24,270 and 24,305 when the contract touches 24,300 and 24,325 respectively. Exit the long positions at 24,340.