Nifty Prediction TodayThe Nifty index ended the session at 24,168 up by 82 points, closed above the support 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 24,300–24,500. 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 developmentsNifty Support and Resistance Level L1L2CloseResistance241002430024,168Support2380023600 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,60921 DEMA23,928Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 378 points up at 57,963 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 59,000 strike and the highest put open interest at the 57,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance580005850057,963Support5700056000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,14621 DEMA55,637Share Market News and Events TodayPositive NewsBharat Forge: The company’s arm Kalyani Strategic signs a pact with AM General for mounted artillery gun systems.Wipro: The company signs a multi-year AI-led transformation and data centre migration deal with METRO AG. The company will acquire an additional 20% stake in Aggne Global IT Services for USD 2.1 million.HCLTech: The company launches an AI Innovation Zone featuring Intel-powered enterprise solutions.Mahindra Lifespace Developers: YKK India will set up a new manufacturing facility at Origins by Mahindra.Endurance Technologies: The company commences commercial production of lithium-ion battery packs with an investment of around Rs. 62 crore.Amber Enterprises: The company enters manufacturing pact with Oppo India to produce Oppo, OnePlus and Realme smartphones.Himadri Speciality Chemical: The company will invest USD 5.4 million in International Battery Company and increase its stake to 20.47% post additional USD 0.66 million investment.Negative NewsSarda Energy & Minerals: A transmission tower collapse due to heavy rain leads to temporary shutdown of its hydro power plant, with damage assessment underway.Brigade Enterprises: Environmental clearance for the ‘Brigade Morgan Heights’ project in Chennai has been revoked and the company plans to appeal.
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