Nifty Prediction Today The Nifty index ended the session at 23,824 down by 278 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24000 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 24,300–24,500. 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 23,500–23,700 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 L1L2CloseResistance243002460023,824Support2380023600 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,60221 DEMA23,990Bank Nifty Prediction TodayBank Nifty witnessed dowward momentum, closing 750 points down at 57,183 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 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 level.Bank Nifty Support and Resistance Level L1L2CloseResistance580005850057,183Support5700056000 Exponential Moving Averages L1L2CloseResistance580005850057,183Support5700056000 Share Market News and Events TodayPositive NewsHPCL: Achieved a massive infrastructure milestone as the mega HPCL Rajasthan Refinery successfully declared its Commercial Operation Date (COD) on June 22. This hyper-scale refining and petrochemical project marks a major structural shift for HPCL, paving the way for higher-margin petroleum derivatives and localized product supply lines across northern India.Tata Power: Received a significant operational extension as the Ministry of Power extended the validity of its Section 11 directions under the Electricity Act, 2003, up to September 30. The regulatory mandate forces the full-capacity operation of its ultra-mega power plant (UMPP) at Mundra, ensuring cost-plus tariff compensation amidst high seasonal power demands.Wipro: Sealed a comprehensive global cyber defense solution partnership with cybersecurity giant Palo Alto Networks. Separately, the firm extended the timeline for completing its asset and customer contract acquisition of Alpha Net Consulting to September 30, pushing it back from the initial June 30 target.Garden Reach Shipbuilders: Emerged as the lowest (L1) bidder for a state-backed contract valued at Rs 40 crore to supply one 15-ton Electric Bollard Pull Tug, maintaining its robust order pipeline.Negative NewsBajaj Auto: Disclosed that its IT infrastructure, alongside certain networks of its subsidiaries, was recently hit by a localized ransomware attack. The management clarified that its cybersecurity protocols and rapid containment frameworks successfully mitigated the threat promptly, with zero impact on baseline manufacturing operations or supply chain links

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