Nifty Prediction TodayThe Nifty index ended the session at 24,032 DOWN by 86 points, closed near the support 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 24,500–25,000. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,500–25,000 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 L1L2CloseResistance243002470024,032Support2380023500Exponential Moving Averages L1L2CloseResistance243002470024,032Support2380023500Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 331 points down at 54,547 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 L1L2CloseResistance575005950054,547Support5400053500Exponential Moving Averages L1L2CloseResistance575005950054,547Support5400053500Share Market News and Events TodayPositive NewsBEL: Company bags order worth Rs 1,251 cr for Ground Based Mobile ELINT System system for Indian ArmyNBCC India: Company bags 7 orders worth ₹176 cr.KEC International: Company secures new orders worth Rs. 1,002 crore across businesses.Tata Power: Royal Government of Bhutan and the World Bank Sign Financing Agreements for the Dorjilung Hydroelectric Power Project.GE Power: Company enters into a contract manufacturing and leave-and-licence arrangement for its Vadodara unit.Negative NewsICICI Bank: Bank receives an administrative warning letter from SEBI related to its Depository Participant operations and is taking corrective action.
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