Nifty 50 futures show mixed signals on April 20. The index opened with a gap-up at 24,413 but retreated to 24,289, down 0.27 percent with a negative advance-decline ratio of 9:41. Key support levels hold at 24,260 and 24,200, while resistance remains entrenched at 24,400-24,425. Technical analysts recommend waiting for dips to initiate fresh long positions at 24,280 and 24,220 with stop-loss at 24,120. A decisive break above 24,450 could propel futures toward 24,650 in coming sessions. Conversely, breaking below 24,200 risks further downside to 24,100 and 24,000. The overall bias remains positive, suggesting potential recovery bounces from support levels, with upside targets reaching 24,500-24,600 if momentum sustains above key resistance zones.
