Nifty Prediction TodayThe Nifty index ended the session at 23,123 down by 243 points, closed below the support level of 23,150. . 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 L1L2CloseResistance233002380023,123Support2300022500 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,66721 DEMA23,866Bank Nifty Prediction TodayBANK NIFTY witnessed downward momentum, closing 432 points down at 54,063 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 L1L2CloseResistance550005650054,063Support5400053500 Exponential Moving Averages L1L2CloseResistance550005650054,063Support5400053500 Share Market News and Events TodayPositive NewsJSW Energy: The company successfully commissioned its Halol Wind Blade Manufacturing Plant in Gujarat.RVNL: Secured an Rs 221 crore Letter of Acceptance (LoA) from the South East Central Railway for the replacement of panel interlocking with electronic interlocking systems.HCLTech: The IT services giant launched a dedicated AI Innovation Zone in collaboration with Google Cloud in the United StatesLemon Tree Hotels: Signed a new franchise agreement for a Key Prima hotel in Rajasthan, which will feature 88 rooms alongside restaurants and other amenities.TCS: The IT major launched a specialized business unit to help global enterprises build and scale Global Capability Centres (GCCs).Avenue Supermarts: The operator of D-Mart invested Rs 150 crore into its subsidiary, Avenue E-Commerce.JNK India: Secured a “large” order (which the company classifies as Rs 100-300 crore) from CC7 Emirates Engineering Solutions. It also secured another large export order for an Incinerator Package and Waste Gas Handling Systems.Grasim Industries: The company plans to invest a massive Rs 3,094 crore to expand its Lyocell capacity at its facility in Karnataka.Negative NewsElectronics Mart: Commenced operations at a newly opened store in Telangana..

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