Nifty Prediction TodayThe Nifty index has staged a strong rally of nearly 2,100 points (~9.46%) from its recent low of 22,200 recorded on April 2, 2026, reflecting sustained buying interest and positive market sentiment. However, the index is now approaching a crucial resistance zone of 24,300–24,500, where profit booking could emerge. From a technical perspective, the recent rally has been largely one-sided, and early signs of negative divergence are beginning to appear on the hourly charts. This suggests that momentum may be slowing, even as prices continue to edge higher. As a result, a short-term pullback towards the 23,600–23,700 zone cannot be ruled out. Despite the possibility of a near-term correction, the broader market structure remains firmly bullish, with the overall trend continuing to favor buyers, supported by strong price action and underlying sentiment. In this context, investors and traders are advised to adopt a “buy on dips” strategy, with accumulation near the 23,600–23,700 support zone offering a favorable risk-reward setup, while closely monitoring the 24,300–24,500 resistance zone for any signs of rejection or breakout.Nifty Support and Resistance Level L1L2CloseResistance243002480024,353Support2400023700 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,89721 DEMA23,781Bank Nifty Prediction TodayEven the NIFTY BANK index started the week on a weak note, opening near the 54,500 zone, but witnessed a sharp recovery to close around the 56,500 mark, reflecting strong buying interest at lower levels. The index is now approaching the 61.8% retracement of the entire recent decline, placed in the 57,200–57,500 zone, which is likely to act as a strong resistance/hurdle in the near term. From a technical standpoint, this zone becomes crucial, and any signs of rejection here could trigger a short-term pullback. On the downside, 56,000 acts as immediate support, and a decisive breach below this level would confirm the onset of a pullback, potentially dragging the index back towards the 54,500 mark.Bank Nifty Support and Resistance Level L1L2CloseResistance570005750056,565Support5500052500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,70821 DEMA54,969 Share Market News and Events TodayPositive NewsOrient Green Power: Company expands capacity with 1.5 MW Wind Turbine Contract (Positive)Shakti Pumps: Company expands Solar Manufacturing Capacity to 2.20 GW (Positive).UltraTech Cement: Company has commissioned 3 New Grinding Units, Total Capacity Crosses 200 MTPA in India (Positive).Zen Technologies Limited: Company secures Govt license to manufacture 12.7mm, 23mm, 30mm & 40mm cannons (Positive).Aurobindo Pharma: Company gets USFDA approval for cough suppressant drug (Positive).NTPC Green: Company has declared the successful commencement of commercial operations for 87.50 MW of its total 150 MW solar power project located in Rajasthan. (Positive).Negative NewsLupin: Company receives 3 observations from USFDA after Somerset facility inspection. Company incorporates wholly owned subsidiary in Thailand, new entity ‘Lupin (Thailand) Limited’ established for international expansion (Neutral).Cipla: Company USFDA conducts inspection at Cipla Goa facility from April 6-17, 2026, receives two inspectional observations in form 483 (Neutral).

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