Nifty Prediction TodayThe Nifty index ended the session at 24,005 up by 140 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24150 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 L1L2CloseResistance243002460024,005Support2380023600 Exponential Moving Averages L1L2CloseResistance243002460024,005Support2380023600 Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 490 points up at 58,003 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 may see some profit booking. the broader structure of the banking space remains buy on dips, reflecting underlying volatile. The overall bias stays neutral with a range-bound outlook. Derivatives data shows the highest call open interest at the 58,000 strike and the highest put open interest at the 56,000 strike, indicating a potential trading range between these key levelBank Nifty Support and Resistance Level L1L2CloseResistance585005880058,003Support5700056000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,30121 DEMA56,799Share Market News and Events TodayPositive NewsBharti Airtel: Airtel Money, arm of the company has commenced its commercial operations as a Type II Non-Deposit accepting Non-Banking Financial Company.Coal India: Receiving of order for setting up of 600 MW of Plant at Jalaun Solar Park UP, estimated cost of Rs. 2831.11 crore, Time period of 18 months from signing PPA.Aeroflex Industries: Company has further enhanced the production capacity of its liquid cooling SFN skid assemblies from 6,000 pieces per annum to 9,000 pieces per annum.Tata Technologies: Tenneco LLC and Tata Technologies signs agreement for partnership for Mobility Transformation $100 Million Strategic Engagement.Hero Motocorp: Hero MotoCorp announces Rs 3,200+ crore Andhra Pradesh investment, including Rs 750 crore Tirupati Global Parts Centre, 4,000 jobs.NLC India: Wholly-owned subsidiary NLC India Renewables Ltd received a Letter of Award for setting up 600 MW (2×300 MW) solar power projects at Jalaun Solar Park, Uttar Pradesh, through tariff-based competitive bidding.Negative NewsLatent View: Delay in acquiring remaining 20% of Decision Point .L&T: L&T extends stake disposal completion in L&T Metro Rail (Hyderabad) to September 30, 2026.
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