Nifty Prediction TodayThe Nifty index ended the session at 23,654 down by 4 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 development.Nifty Support and Resistance Level L1L2CloseResistance238002430023,654Support2350023300 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,76421 DEMA24,036Bank Nifty Prediction TodayThe NIFTY BANK witnessed upward momentum, closing 122 points down at 53,439 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 L1L2CloseResistance550005650053,439Support5250051500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,32221 DEMA54,429Share Market News and Events TodayPositive NewsEicher Motors: The automaker plans to acquire a 50% stake in Volvo Financial Services via a Rs 750 crore investment, effectively forming a 50:50 Joint Venture.Mphasis: The IT firm has partnered with the Indian School of Business to establish a dedicated AI hub. The Mphasis F1 Foundation will invest Rs 20 crore over the next four years in Phase-1 of the project.Varun Beverages: The bottler has inked a revised Exclusive Bottling Appointment (EBA) pact with PepsiCo India, extending the agreement by 10 years until April 2049. The revised pact removes restrictions, meaning Varun Beverages is no longer bound to act solely as an SPV for PepsiCo.Adani Power: The company successfully completed the acquisition of a 24% stake in Jaiprakash Power Ventures, effectively taking over its 180 MW thermal power plant. Negative NewsVedanta: The Supreme Court passed a judgment against its unit, Talwandi Sabo Power, upholding an alleged penalty and ordering the company to pay Rs 127 crore to the Punjab State Power Corp.

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