Nifty Prediction TodayThe Nifty index ended the session at 24,119 UP by 121 points, closed near the resistance level of 24,300. . 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 L1L2CloseResistance243002470024,119Support2380023500 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,86621 DEMA24,188Bank Nifty Prediction TodayBank Nifty witnessed upward momentum, closing 15 points UP at 54,878 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 L1L2CloseResistance575005950054,878Support5400053500 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,67921 DEMA55,608Share Market News and Events TodayPositive NewsRainbow Children’s Medicare: The company inaugurates a 60-bed hospital and an IVF centre in Karnataka under the brand Birthright Fertility.EMS: The company receives a Letter of Acceptance worth Rs. 144 crore from UP Jal Nigam for sewer network and house-connection works in Varanasi.Afcons Infrastructure: The company secures EPC orders worth Rs. 373 crore for civil works in April.Dynacons Systems & Solutions: The company secures a Rs. 751 crore project from the Reserve Bank of India for private cloud infrastructure for RBI data centres.Negative NewsAsahi India Glass: An exhaust chimney partially collapses at the Rajasthan unit; the float-glass furnace remains operational. No injuries reported, and damage is covered under insurance.
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