The Nifty 50 futures contract is trading on a weak note. The contract made an intraday high of 8,957, but has come off from there.

As long as the contract trades below 8,950, a dip to test the key support at 8,900 is possible. Whether the contract declines below 8,900 or reverses higher from there will then decide the next move.

A strong break below 8,900 may bring in fresh selling pressure and drag the index futures lower to 8,860. On the other hand, if the contract manages to reverse higher from 8,900, a rise to 8,950 or even higher levels is possible in the coming sessions.

Traders can stay out of the market at the moment until a clear trade signal emerges.

Strategy: Stay out of the market.

Supports: 8,900, 8,860

Resistances: 8,955, 8,985