Nifty Prediction TodayThe Nifty index ended the session at 23,882 down by 516 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24000 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 24,300–24,600. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,500–24,800 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,500–23,800 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 L1L2CloseResistance240002430023,882Support2380024050 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,56921 DEMA24,117Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 1458 points down at 56,742 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 58,500 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 L1L2CloseResistance585005880056,742Support5760057000 Exponential Moving AveragesExponential Moving Averages 200 DEMA56,35021 DEMA57,220Share Market News and Events TodayPositive NewsNALCO & NLC India – Signed a joint venture agreement with NLC India to form a 50:50 JV for development of a 1,080 MW (4×270 MW) captive thermal power plant at Angul, Odisha, to support NALCO’s aluminium smelter expansion project.KP Energy – Commissioned 50.4 MW wind power project comprising 16 Suzlon wind turbines (3.15 MW each) at Vanki, Kutch, Gujarat for NTPC Renewable Energy ; the project achieved commercial operation from July 8, 2026.IRB Infrastructure – June 2026 toll collections rose 28% YoY to Rs. 808 crore from Rs. 631 crore.Craftsman Automation – Approved investment of Rs. 3.36 crore in Solarcraft Power India 24 Private for a 26% stake under captive consumption norms to procure 7 MW solar power for its manufacturing operations.JSW Energy – Commissioned 1,081 MW renewable energy capacity since Apr. 2026, taking total installed capacity to 14,535 MW; renewable capacity now accounts for 61% of the portfolio, and the company remains on track to add 3 GW renewable capacity in FY27.Negative NewsGraphite India – Decided to discontinue and close its Graphite Specialities and Coating divisions in Germany due to the prolonged impact of the Russia-Ukraine war and weak demand; the affected businesses contributed about 4% of FY26 turnover and closure is expected over the next six months. (Negative)United Spirits – Closed operations at its Hyderabad manufacturing unit effective July 8, 2026 after receiving approval from the Telangana Excise Department for transfer of the unit’s excise licence.
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