Following are charts of Nifty50 Index and Nifty50 Futures, as of today morning, Monday, 09 Sep 2024. The Nifty futures are trading below recent support levels but above key support level of 24,500. Any long positions in Nifty futures must be hedged with Nifty Put options at 24,500 level or 24,300 level (which is 500 points below current level). The current period of volatility may last a few days. Nifty Futures are likely to retest 25,200 once the setup is positive.