Nifty Prediction TodayThe Nifty index ended the session at 23,405 down by 78 points, closed above the support level of 23,300. . Upcoming major resistance now stands at 23600 zone and support at 23000 -23300 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 24,500–24,300. 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 23,000–23,500 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 L1L2CloseResistance243002450023,405Support2380023300 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,71021 DEMA23,992Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 471 points up at 54,185 The index continues to hold support in the 51,500–52,000 zone, while resistance remains capped near the 56,500-57,000 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 57,000 strike and the highest put open interest at the 52,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance560005650054,185Support5450051500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,21621 DEMA54,385Share Market News and Events TodayPositive NewsBHEL: Company has secured international contract worth INR 2000-2500 CroresNBCC: Company bags multiple orders worth Rs. 83.24 cr for project management consultancy.JBM Auto: Company leads India’s electric bus market with 49% share in May 2026, records industry-highest 157 e-bus registrations.Jeena Sikho Lifecare: Company Bhopal hospital receives NABH accreditation for Panchakarma services, valid until May 2029.Marsons Ltd: Company secures order worth Rs. 31.27 cr from Assam Electricity Grid Corporation (AEGCL), for supply of 132/33kv, 50mva power transformers and related services.LTM: The company launches a managed Secure Service Edge (SSE) solution with Cisco to support Gen AI deployment.Negative NewsKarnataka Bank Ltd: Bank has successfully integrated its internet banking platform with the Employees’ Provident Fund Organization (EPFO) portal.Hero MotoCorp: Company has launched India’s first 100cc Flex Fuel motorcycles: Splendor+ and HF DeluxeInfosys: Company enters into a partnership with the Lawn Tennis Association to deliver AI‑driven match insights and enhance fan engagement experiences.
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