Nifty Prediction TodayThe Nifty index ended the session at 23,649 DOWN by 31 points, closed near the resistance level of 23,800. . Upcoming major resistance now stands at 23800 zone and support at 23300 -23500 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 23,800–24,000 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,000–23,200 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 L1L2CloseResistance238002430023,618Support2350023300Exponential Moving AveragesExponential Moving Averages200 DEMA24,78221 DEMA24,077Bank Nifty Prediction TodayThe NIFTY BANK witnessed downward momentum, closing 128 points down at 53,409 The index continues to hold support in the 52,500–52,000 zone, while resistance remains capped near the 57,000 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 57,000 strike and the highest put open interest at the 52,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance550005650053,409Support5250051500Exponential Moving AveragesExponential Moving Averages200 DEMA56,38021 DEMA54,625Share Market News and Events TodayPositive NewsITC Hotels: The company has acquired a 100% stake in Zuri Hotels and Resorts, absorbing it as a subsidiary effective today, for an enterprise value of Rs 205 crore. Separately, ITC acquired a 49.3% stake in Mother Sparsh Baby Care for Rs 30 crore.Wipro: The IT major has completed the acquisition of a 100% stake in Mindsprint Pte and its related arms, which represents the Olam Group’s IT and digital services business.Mangalore Refinery: The Petroleum and Natural Gas Regulatory Board (PNGRB) has authorized the company to construct an ATF pipeline for the Bengaluru Airport.Kirloskar Oil Engines: The company’s subsidiary, Kirloskar Advanced Systems, has received RoC approval to commence its business operations.Negative NewsPG Electroplast: The company received a warning letter from SEBI regarding a violation of insider trading norms (Negative)

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