Nifty Prediction TodayThe Nifty index ended the session at 24,102 up by 89 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 developments.Nifty Support and Resistance Level L1L2CloseResistance243002460024,102Support2380023600 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,60221 DEMA23,990Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 250 points up at 57,935 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 L1L2CloseResistance580005850057,935Support5700056000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,18421 DEMA56,015Share Market News and Events TodayPositive NewsBharat Electronics: Secured substantial additional defense and electronics orders aggregating to Rs. 1,081 crore since May 25.Apar Industries: Expanding its footprint in the Middle East, its subsidiary (Apar Industries Middle East) entered into a comprehensive long-term base oil supply agreement with Saudi Aramco Base Oil Company (Luberef). Under the pact, Saudi Aramco will reliably supply base oils directly to Yanbu to fuel localized lubricant compounding.Hindustan Zinc: Deepening its ESG commitments, the metals giant signed non-binding MoUs with Advantek Associates and Aero Eagle. The partnerships are structured to explore the adoption of green hydrogen and clean energy tech ecosystems across its mining and smelting zones.Lemon Tree Hotels: Continued its international hospitality expansion by signing a formal management license agreement to establish a premium new 85-room hotel property in Nepal.Lemon Tree Hotels: Continued its international hospitality expansion by signing a formal management license agreement to establish a premium new 85-room hotel property in Nepal.Negative NewsLemon Tree Hotels: Continued its international hospitality expansion by signing a formal management license agreement to establish a premium new 85-room hotel property in Nepal.Hind Rectifiers: Moving to unlock non-core capital, the company approved the sale of its non-operational Dehradun manufacturing plant for a total consideration of Rs. 5 crore.
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