Nifty 50 index has an immediate resistance at 25,180 that needs to be breached for further upside potential to 25,300-25,330 in the near future.
If the index fails to surpass 25,180, it could drop to 25,000 and potentially to 24,900-24,800.
Nifty 50 July Futures contract is currently flat, with a key intraday resistance at 25,250. A strong break above this level is necessary for a potential rise to 25,400.
Traders are advised to consider going long only if there's a break above 25,250, with a stop-loss at 25,210 and further trailing stop-loss levels as the contract moves up.