Nifty Prediction TodayAt the current juncture, Nifty has breached the critical support level of 23,600 and has retraced nearly 50% of its previous up move. However, on the hourly chart, a hidden bullish divergence is visible, indicating potential strength at lower levels. Hence, we expect Nifty to witness base formation in the 23,400–23,300 zone in the coming sessions.Nifty Support and Resistance Level L1L2CloseResistance23,60023,75023,379Support23,30023,200 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,719.9521 DEMA23,979.93Bank Nifty Prediction TodayBank Nifty has slipped below the key support level of 54,200 and has corrected nearly 50% of its previous rally. Despite the recent weakness, a hidden bullish divergence on the hourly chart indicates strengthening momentum at lower levels. Hence, we expect the index to form a base in the 53,300–53,500 zone over the coming sessions.Bank Nifty Support and Resistance Level L1L2CloseResistance54,00054,20053,555Support53,30053,000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,532.5021 DEMA55,229.80Share Market News and Events TodayPositive NewsAdani Ports: The company’s subsidiary, Astro Offshore, has secured a contract with Oceaneering International for subsea expansion operations in Europe.Intellect Design: The fintech firm has signed a massive digital banking pact with 37 Canadian Financial Institutions, a partnership covering 2.6 lakh members and $11.7 billion CAD in assets.RVNL: The state-run railway company has emerged as the L1 Bidder for a Rs 221 crore railway contract from the South East Central Railway in Bilaspur.Texmaco Rail: In a massive win, the company secured an order worth Rs 4,045 crore from Tsiko Africa Logistics for the supply of rolling stock freight wagons, locomotives, components, and long-term maintenance.Negative NewsNuvoco Vistas: The cement manufacturer received relief as the Income Tax Department dropped a pending tax demand of Rs 12 crore.

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