Nifty Prediction TodayThe Nifty index ended the session at 24,378 down by 198 points, closed above the resistance level of 24,300. . Upcoming major resistance now stands at 24800 zone and support at 24000 -24100 zone. Technically, this area remains significant and is likely to act as a resistance 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 24,800–25,000. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,800–25,000 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,000–23,500 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 L1L2CloseResistance248002500024,378Support2430023700 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,90221 DEMA24,078Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 247 points down at 57,124 The index continues to hold support in the 56,500–56,000 zone, while resistance remains capped near the 59,000 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 57,500 strike and the highest put open interest at the 54,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance570005750057,124Support5500052500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,68921 DEMA55,485Share Market News and Events TodayPositive NewsBharat Electronics: The defense public sector undertaking has secured multiple orders aggregating to Rs 569 crore for FY27.Eveready Industries: The company has commissioned a new alkaline battery manufacturing facility in Jammu with an annual capacity of 360 million batteries, following an investment of Rs 200 crore.Lemon Tree Hotels: The hospitality chain has signed agreements for two new properties—a 78-room hotel in Raipur and a 60-room hotel in Jalandhar—both to be managed by its arm, Carnation Hotels.Adani Green: The company’s arm, Adani Green Energy Twenty Six A, has operationalized a 292 MW solar project in Gujarat, taking the group’s total operational renewable capacity to 19,585.8 MW.Negative NewsUnimech Aerospace: The company and its subsidiary, Innomech, are set to acquire Hobel Bellows for Rs 450 crore. Unimech will hold a 24% stake, while Innomech will hold the remaining 76%.

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