Nifty Prediction TodayThe Nifty index ended the session at 24,173 down by 205 points, closed above the resistance level of 24,000. . 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 24,000–23,500 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 L1L2CloseResistance248002500024,173Support2400023700 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,89721 DEMA24,108Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 819 points down at 56,305 The index continues to hold support in the 54,500–55,000 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 57,500 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 L1L2CloseResistance575005950056,305Support5500053500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,68521 DEMA55,559Share Market News and Events TodayPositive NewsLarsen & Toubro (L&T): The engineering conglomerate has expanded its tech footprint by incorporating a new subsidiary, Vyoma.AI, on April 22.Godawari Power: The company’s arm, GNEPL, has signed a supply agreement with Roche Energy to deploy a 5 MWh Battery Energy Storage System (BESS) block at a plant in Maharashtra.Birla Corp: The cement manufacturer has commenced operations at the Bikram Coal Mine in Shahdol, Madhya Pradesh, clarifying that the mine has extractable reserves of9.44 MMT rather than an annual production capacity of that size.Azad Engineering: The company has amended its existing supply pact with a Baker Hughes arm, successfully extending the turbomachinery supply deal through to 2030.Negative NewsInterGlobe Aviation (IndiGo): The airline received a warning letter from the DGCA concerning airfares charged during December, advising caution and adherence to government orders. The DGCA noted that the company has already completed corrective measures, including processing refunds.

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