Nifty Prediction TodayThe Nifty index ended the session at 24,031 up by 312 points, closed above the resistance level of 23,800. . Upcoming major resistance now stands at 24300 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 24,500–24,300. 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 23,500–23,800 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 L1L2CloseResistance238002430024,031Support2350023300 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,75021 DEMA24,042Bank Nifty Prediction TodayThe NIFTY BANK witnessed upward momentum, closing 1238 points up at 55,293 The index continues to hold support in the 52,500–52,000 zone, while resistance remains capped near the 56,500-57,000 level. PSU and Pvt banks saw some buying interest, the broader structure of the banking space remains cautious, reflecting underlying volatile. The overall bias stays neutral with a range-bound outlook. Derivatives data shows the highest call open interest at the 57,000 strike and the highest put open interest at the 52,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance560005650055,293Support5450051500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,28921 DEMA54,477Share Market News and Events TodayPositive NewsBharat Electronics: Company secured additional orders worth Rs 608 crore since May 5.LG Electronics: Company eligible to receive Rs 882 crore from Maharashtra government under revised incentive package.NLC India: Company signed MoU with NPCIL to form joint venture for nuclear power projects in India.Brigade Enterprises: Company signed agreement for 5.6-acre residential project in Hyderabad with revenue potential of Rs 850 crore.Lemon Tree Hotels: Company signed licence pact for 66-room hotel in Tamil Nadu.Paytm: Paytm Cloud Technologies will invest 9 million euros in Paytm Europe.Negative NewsIndoStar Capital Finance: Sebi cancelled AIF registration licence for IndoStar Credit Fund.(Negative)

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