Nifty 50 Futures Gap Down to 24,160 as Support Tests Begin

Indian equities open lower with the benchmark index testing the 24,100 level that held firm throughout the previous week.

By Handelsavisen Newsroom · Automated 2026-07-20 04:40 UTC · 1 min read

The Nifty 50 opened the trading week with a significant gap-down, trading at 24,160 and down 0.72% from the previous close.

The index opened at 24,190 before sliding, with the advances/declines ratio standing at 27:23, indicating broad-based selling pressure across the benchmark constituents.

Market strategists are closely watching the 24,100-24,080 support zone for the Nifty 50 July Futures contract.

This level has served as a critical floor in recent sessions, and its defense is seen as key to limiting further downside.

Technical analysts suggest that a bounce from this zone could present opportunities for long positions on dips, provided the support holds.

This pullback follows a period of relative stability where the Nifty 50 maintained firm support above the 24,000 level throughout the previous trading week.