Nifty Prediction TodayThe Nifty index ended the session at 24,092 up by 194 points, closed above the resistance level of 24,000. . Upcoming major resistance now stands at 24300 zone and support at 24000 -24100 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 24,800–25,000. 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 L1L2CloseResistance243002470024,092Support2400023700Exponential Moving AveragesExponential Moving Averages200 DEMA24,88421 DEMA24,132Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 174 points up at 56,264 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 L1L2CloseResistance575005950056,264Support5500053500Exponential Moving AveragesExponential Moving Averages200 DEMA56,53121 DEMA55,667Share Market News and Events TodayPositive NewsRailTel: The company receives a Letter of Acceptance worth Rs. 145 crore from Eastern Coalfields.Orient Green Power: The company completes commissioning of 9.9 MW wind projects in Tamil Nadu, with all three 3.3‑MW wind turbine generators now operational.Surya Roshni: The company has received orders worth Rs 68.1 crore and Rs 17.9 crore for the supply of ERW steel and ERW carbon steel pipes.Indian Oil: The company reports hydrocarbon discovery in Libya block Fresh oil, gas found at overseas Libya asset, IOC holds 25% stake in Libya hydrocarbon find NOC Libya recognises new oil, gas discoveryNegative 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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