Nifty Prediction TodayThe Nifty index ended the session at 23,989 up by 135 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24100 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 24,000–24,300. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,000–24,500 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,500–23,700 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 L1L2CloseResistance241002430023,989Support2380023600 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,61521 DEMA23,841Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 384 points up at 57,297 The index continues to hold support in the 55,500–56,000 zone, while resistance remains capped near the 57,500-58,000 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 58,000 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 L1L2CloseResistance575005850057,297Support5600055000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,10221 DEMA54,975Share Market News and Events TodayPositive NewsBharat Forge: Company arm kalyani strategic systems launches simha 4×4 for global defence opportunitiesPower Grid: Company wins bid for Inter-State Transmission System project.Infosys: Company announces strategic collaboration with valmet for ai-accelerated IT transformation; focus on modernizing core IT services and improving operational efficiency.GE Shipping: Company to buy a secondhand long range 2 tanker of about 110,000 dwt.(Deadweight Tonnage) ; expected to join the company’s fleet in Q2 FY27.Wipro: Company expands AI ambitions, launches applied AI COE (Center of Excellence) for claude models powered by anthropic.NHPC: In pact with Arunachal Pradesh Govt for Hydro Pwr Project.TCS: Company lands digital transformation deal with premier league club Tottenham Hotspur.Negative NewsKeystone/ Oberoi Real/ Sri Lotus/ Godrej Prop/ Lodha: Water connections provided for all construction activities will be temporarily disconnected in the Mumbai.Sona BLW: Company approved Capex of INR 626 million towards manufacturing of components and systems for robotics industry including advanced robotics.

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