Nifty Prediction TodayThe Nifty index ended the session at 23,946 DOWN by 109 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24150 zone and support at 23800 -23700 zone. Technically, this area remains significant and is likely to act as a support zone in the coming sessions, sustaining above the same will see fresh buying in the market. while on the upside, the index next major resistance zone stands at 24,300–24,500. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,300–24,500 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,500–23,700 strikes confirms a support base. Overall, while the broader market undertone remains positive, traders are advised to stay cautious amid global trade uncertainties and potential tariff-related developments.. Nifty Support and Resistance Level L1L2CloseResistance243002460023,946Support2380023600 Exponential Moving AveragesExponential MovingAverages 200 DEMA24,58621 DEMA24,051Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 449 points down at 57,727 The index continues to hold support in the 56,500–56,000 zone, while resistance remains capped near the 58,500-58,000 level. PSU and Pvt banks may see some profit booking. the broader structure of the banking space remains buy on dips, reflecting underlying volatile. The overall bias stays neutral with a range-bound outlook. Derivatives data shows the highest call open interest at the 58,000 strike and the highest put open interest at the 56,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance585005880057,727Support5700056000 Exponential Moving AveragesExponential MovingAverages 200 DEMA56,24821 DEMA56,590Share Market News and Events TodayPositive NewsSterling & Wilson Renewable Energy: JV secured Rs 4,600 crore order in Egypt for 1,000 MW solar & 600 MWh storage project.RITES: Signed MoU with CONCOR to provide project management & consultancy services for development of logistics infrastructure.SJVN: Signed PPAs with GUVNL for supply of power from hydro projects (66 MW, 210 MW, 382 MW) in Himachal Pradesh.Pace Digitek: Subsidiary advancing BESS manufacturing expansion, with capacity rising to 5 GWh soon and targeted 10 GWh by Q3 FY27.Central Bank of India: Company inaugurated its International Financial Services Centre (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City.Balkrishna Industries (BKT): Completed carbon black expansion, boosting capacity to 3.6 lakh MTPA; capacity addition of 95,000 MTPA. Also enhanced power capacity to 64 MW, with capacity addition of 24 MW.Godavari Biorefineries: Commissioned 200 KLPD grain-based distillery with Rs 130 crore capex.Negative NewsSamvardhana Motherson (SAMIL): Delayed completion of 28.15% stake acquisition in HR Dhauliganga (captive power SPV); now expected by Q4 FY27 (vs earlier Q1 FY27).Bannari Amman Sugars: Reported cybersecurity incident at Tamil Nadu distillery unit; issue resolved with no impact on operations.
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