Nifty Prediction TodayThe Nifty index ended the session at 23,865 DOWN by 80 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24150 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 L1L2CloseResistance243002460023,865Support2380023600 Exponential Moving AveragesExponential MovingAverages 200 DEMA24,58121 DEMA24,061Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 185 points down at 57,542 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 may see some profit booking. the broader structure of the banking space remains buy on dips, 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 L1L2CloseResistance585005880057,542Support5700056000 Exponential Moving AveragesExponential MovingAverages 200 DEMA56,24821 DEMA56,590Share Market News and Events TodayPositive NewsParas Defence: Co. Signed exclusive IP licensing agreement with US-based Tandem Defense LLC for Guardian-1 counter-drone interceptor technology, enabling manufacturing and commercialization in India.EPACK Durable: Co. received Andhra Pradesh government approval for incentives, including 36.41 acres of land and a 50% capital subsidy, to support its proposed Rs. 314.31 crore investment in the state.NTPC Green Energy : Subsidiary Ayana Renewable Power won 193 MW wind project in MPPMCL auction at tariff of Rs. 4.17/unit, strengthening renewable energy portfolio.Prestige Estates: Co. announces the launch of Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai. with an estimated Gross Development Value of approximately Rs 2,200 crore.Newgen Software Technologies: Co. has received and accepted Letter of Award for Retail Loan Origination Solution. The aggregate value of the aforesaid Award is USD 1,710,000. Negative NewsHDFC Life: GST appellate authority upheld tax demand of Rs. 132.7 crore along with applicable interest and Rs. 132.7 crore penaltyAvenue Supermart: Co. has opened a new store at Pollachi, Coimbatore (Tamil Nadu) today. The total number of stores as on date stands at 503.Rane ( Madras): Co.entered into an agreement with Hindustan Composites Limited (HCL) to acquire the Friction Business for enterprise value of Rs 370 Crore.
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