Nifty 50 July futures (10,113) The Nifty 50 futures contract is trading on a strong note. The contract opened with a gap-up and surged, breaking above the psychological 10,100 mark to make a high of 10,117. It is currently hovering around the day's high. Key intraday supports are at 10,100 and 10,070. As long as the contract sustains above 10,100, it can move up further higher to 10,150 or 10,170.

Short-term traders with a high risk appetite can go long on dips near 10,100. Stop-loss can be placed at 10,075 for the target of 10,150. Revise the stop-loss higher to 10,115 as soon as the contract moves up to 10,125.

The contract will come under pressure if it declines below 10,070. Such a break can drag the index futures lower to 10,050.

Strategy: Go long at 10,100 with a stop-loss at 10,075

Supports: 10,100, 10,070

Resistances: 10,150, 10,170

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