Nifty Prediction TodayIn line with our earlier view, Nifty has shown signs of stabilization near the bullish gap formed on 08 April 2026. The index has found support around the key 50%–61.8% retracement zone of the previous up move, highlighting buying interest at lower levels. Additionally, a bullish hidden divergence on the hourly chart indicates underlying strength amid recent volatility. These technical signals suggest that selling pressure is gradually fading. Hence, we expect Nifty to extend its upward momentum in the coming session as well.Nifty Support and Resistance Level L1L2CloseResistance23,80023,90023,689Support23,60023,500 Exponential Moving AveragesExponential MovingAverages 200 DEMA24,690.9521 DEMA23,906.65Bank Nifty Prediction TodayBank Nifty continued to show strong resilience near the bullish gap formed on 08 April 2026, with the index holding firmly above the crucial 50%–61.8% retracement zone of the previous rally. The hourly chart is also indicating a bullish hidden divergence, signaling improving underlying momentum despite recent volatility. These technical developments suggest that the recent corrective phase may be gradually losing steam. Going ahead, we expect Bank Nifty to maintain a positive bias and witness further upside momentum in the coming trading session.Bank Nifty Support and Resistance Level L1L2CloseResistance54,50054,80054,128Support53,90053,600 Exponential Moving AveragesExponential MovingAverages 200 DEMA56,474.0621 DEMA54,983.14Share Market News and Events TodayPositive NewsNTPC Green: The company’s subsidiary has declared the Commercial Operation Date (COD) for two solar units in Rajasthan (12.5 MW and 50 MW capacities), which will officially go live on May 15.Kirloskar Oil Engines: The company plans to deploy a massive capital expenditure of Rs 1,400 crore to enhance manufacturing capacity at its unit in Maharashtra.Caplin Point: The pharmaceutical company’s arm received a crucial US FDA nod for its Foscarnet Sodium Injection, a medication used to treat CMV retinitis in AIDS patients.FACT: The fertilizers company is preparing to start DAP production at its Udyogamandal Plant in Kerala from May 15, following the necessary approvals from the Fertiliser Department   .HCLTech: Co. has entered into a strategic partnership with Red Hat to co-develop and deploy advanced AI infrastructure solutions.Negative NewsAkums Drugs: The pharmaceutical manufacturer reported that operations at certain manufacturing sites in Haridwar are currently disrupted due to labour unrest at the SIDCUL industrial area. (Negative)

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