Archive · 3 Aug 2026
Nifty 50 Opens Higher, Targets 24,600 Resistance
The Nifty 50 is a big list of 50 companies in India that people trade.
On August 3, it started the day a little higher and is still going up.
Most stocks are doing better than the ones that are falling.
If the index goes above 24,600, it could keep climbing to 24,850 or even 25,600.
If it drops below 24,450, that would be a big worry, but it’s not likely right now.
Traders can buy when the price dips to 24,620 or 24,570 and set a safety stop at 24,470.
They can raise that stop as the price goes up.
The plan is to hold for about a week and then sell around 24,940.
The goal is to make money while keeping risk low.
Nifty 50 opened at 24,572 and is trading at 24,567, up 0.75%.
Advances/declines ratio is 41:9, indicating positive market sentiment.
Resistance near 24,600; a break could push the index to 24,850 and eventually 25,600.
Support levels at 24,480-24,450; falling below 24,450 is considered unlikely.
Futures contract at 24,655; key resistance at 24,720; a break could trigger a rise to 25,000.
- Who
- Traders and market participants
- What
- Nifty 50 index movement and trading strategy
- When
- August 3, 2026
- Where
- Indian stock market
- Why
- To guide traders on potential support/resistance and trade strategy
- Opening price
- 24,572
- Current price
- 24,567
- Advances/declines ratio
- 41:9
- Resistance level
- 24,600
- Support level
- 24,450