Nifty Prediction TodayThe Nifty index ended the session at 24,398 down by 31 points, closed above the resiatcne level of 24,300. . Upcoming major resistance now stands at 24600 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 24,600–24,800. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,600–24,800 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 24,000–24,200 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 L1L2CloseResistance246002480024,398Support2430024050 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,56921 DEMA24,117Bank Nifty Prediction TodayBank Nifty Nifty witnessed downward momentum, closing 90 points down at 58,200 The index continues to hold support in the 56,500–56,000 zone, while resistance remains capped near the 58,500-58,800 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 58,500 strike and the highest put open interest at the 56,000 strike, indicating a potential trading range between these key levelBank Nifty Support and Resistance Level L1L2CloseResistance585005880058,200Support5760057000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,35021 DEMA57,220Share Market News and Events TodayPositive NewsCeigall India: Co. Received appointed dates for three HAM road projects with a combined project cost of Rs. 4,050 crore, enabling the commencement of construction for Varanasi–Ranchi–Kolkata Highway Package 11 (Rs. 1,656 crore), Package 12 (Rs. 1,305 crore) and the Indore–Ujjain Greenfield Highway (Rs. 1,089 crore).NTPC Green Energy: Co. Declared the commercial operation of the first 50.4 MW phase of the Vanki Wind Energy Project in Kutch, Gujarat through subsidiary NTPC Renewable Energy with effect from July 8, 2026. The group’s commercial capacity increased to 10,671.4 MW, while total installed capacity rose to 10,721.8 MW.Uno Minda: Approved its entry into the four-wheeler passenger vehicle seating systems segment through JV Uno Minda Tachi-S Seating. The company will set up a greenfield manufacturing facility in Chhatrapati Sambhajinagar with an investment of around Rs. 320 crore.Orchid Pharma: Co. Signed an exclusive licensing and supply agreement with Russia’s Pharmasyntez JSC to commercialise Exblifep in Russia. Orchid will supply the finished dosage form under the agreement, which has a potential opportunity of around $178 million over the first 10 years.Midwest: Co. Signed an MoU with Midwest Energy, NFTDC and Indonesia’s state-owned PERMINAS to collaborate on exploration, mining, processing, refining and rare earth magnet manufacturing for critical minerals and rare earth resources in Indonesia.Negative NewsMaruti Suzuki India: Co. Received a customs order demanding differential duty of Rs. 4.74 crore, along with an equal penalty of Rs. 4.74 crore and applicable interest, over the alleged incorrect payment of duty on imported goods. (Negative)
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