Gift Nifty Trading Stronger; Sensex, Nifty to Open in Green on Monday

Mumbai, July 10: Gift Nifty was trading strong higher through the floor session on Friday, which suggests a strong opening in green for Nifty 50 on Monday, July 13, when Indian markets reopen after the weekend – unless, of course, global cues turn abruptly negative over the weekend. Gift Nifty’s near-month contract was last trading at 24,234.50, higher by nearly 296 points, or approximately 1.24 per cent from its previous close of 23,938.50, through two trading sessions. 

Gift Nifty Intraday Analysis: Friday’s Trades So Far 

Gift Nifty July 28, 2026 contract opened Friday’s trading at 24,099.50 and moved steadily higher through the mid-morning and afternoon trades to reach an intraday high of 24,260. From there, it eased slightly to trade at 24,234.50 as of this writing, still up strongly from its previous close and presently trading with buyers in control. The day’s intraday low trades at 24,081.50, set early. Nifty 50 August 25, 2026 futures were trading at a premium of 71.50 points to the near-month contract at 24,306.00. 

If this positive move sustains through the close, look for Nifty 50 to open between 24,200-24,260 around 9:15 am on Monday morning unless seeing a surprise negative reversal from global markets over the weekend. Support levels at Friday’s low of 24,081.50 and resistance at the day’s high of 24,260. 

Iran War Anxiety Weighs on Markets 

Investor sentiment remained weighed down on Friday following Iran’s missile attack on U.S. military assets across Gulf nations on Thursday in retaliation for the U.S. strikes on Iran’s southern coastal city of Ahvaz and eastern city of Mehrabad, killing one Iranian general and further threatening a three-week-old truce between the U.S. and Iran. The attack transpired as Iran held the burial of slain top general Qassem Soleimani in the holy city of Mashhad on Friday which concluded a week of mass funeral marches during which crowds were seen carrying banners criticizing U.S. President Donald Trump. 

The U.S. has reiterated that it is still open to diplomacy and technical talks are underway, but Trump tweeted on Friday that the “short war” was “over” when it came to the temporary truce struck between Washington and Tehran. 

Crude eased off slightly on the day so far, with Brent crude down 6 cents to trade at $76.24 per barrel and WTI crude lower by 4 cents to $72.04. Both benchmarks look to snap weekly advances of around 6 per cent and 5 per cent respectively. Concerns over supply disruption risks from the Middle East has continued to lend support to oil prices, although markets have somewhat cheered Washington not targeting Iranian energy assets directly thus far. 

All of this assumes, of course, that most conditions do not change leading up to Monday’s open. If global markets, geopolitics and crude trades remain stable through Sunday night, then the above forecast will likely play out. Any further escalation in the Middle East conflict, a big surprise jump in crude oil prices, or any unexpected news from Washington could impact how Nifty 50 opens on Monday morning. Tokyo opens on Sunday night, while keep an eye out for any headlines out of Tehran or Washington. D.C. that could influence market sentiment any time before markets reopen domestically on Monday. 

Source

• nseix.com