Nifty Prediction TodayThe Nifty index ended the session at 23,962 up by 80 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24200 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 24,300–24,600. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,500–24,800 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,500–23,800 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 L1L2CloseResistance242002430023,962Support2380023500 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,56021 DEMA24,157Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 510 points up at 57,252 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 58,500 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 L1L2CloseResistance585005880057,252Support5760057000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,36321 DEMA57,252Share Market News and Events TodayPositive NewsContainer Corporation of India: Co. Signed a 15-year agreement with GAIL (India) to set up an LNG dispensing station at its Khodiyar Inland Container Depot in Ahmedabad.Havells India: Co. Entered the Battery Energy Storage System segment through a strategic collaboration with Norway-based Pixii AS to develop and introduce advanced energy storage solutions in India.Lux Industries: Co. Entered into an exclusive brand licensing agreement with Riluk IPCO for the Reebok trademark in India.Ceinsys Tech: Co. Received a Letter of Intent worth Rs 67.04 crore from the Directorate of Urban Administration & Development, Madhya Pradesh for providing manpower services under the Pradhan Mantri Aw Yojana.Premier Energies – Co. Commissioned a 5.6 GW solar module manufacturing facility. Total module manufacturing capacity to 11.1 GW.Vikram Solar: Co. Entered into a solar cell supply agreement with Evervolt Solar Technology India to procure 130 MW of Mono-PERC 10BB DCR-compliant solar cells to support its domestic module manufacturing requirements.Negative NewsTorrent Pharmaceuticals: Co. Initiated a voluntary recall of select batches of Semalix injection disposable pens (2 mg and 4 mg) following a product recall from manufacturer Dr. Reddy’s Laboratories for technical evaluation. (Negative)TTK Prestige: Operations at its Roorkee manufacturing plant were disrupted due to heavy rains and flooding in Uttarakhand. (Negative)

Disclaimer : Equity & Trading is Subject to Market Risk. Kindly consult your Advisor Beofre taking Any Entries. Use our Contents for Educational Knowledge Development.

Today Trending Stocks :
https://telegram.me/gagashare1
https://facebook.com/gagashareindia