Nifty Prediction Today
The Nifty index ended the session at 24,021 up by 197 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24150 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 24,300–24,500. 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 23,500–23,700 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
| L1 | L2 | Close | |
| Resistance | 24300 | 24600 | 24,021 |
| Support | 23800 | 23600 |
Exponential Moving Averages
| Exponential Moving Averages | |
| 200 DEMA | 24,593 |
| 21 DEMA | 24,019 |
Bank Nifty Prediction Today
Bank Nifty witnessed upward momentum, closing 966 points up at 58,150 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 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 58,000 strike and the highest put open interest at the 56,000 strike, indicating a potential trading range between these key level.
Bank Nifty Support and Resistance Level
| L1 | L2 | Close | |
| Resistance | 58500 | 58800 | 58,150 |
| Support | 57000 | 56000 |
Exponential Moving Averages
| L1 | L2 | Close | |
| Resistance | 58500 | 58800 | 58,150 |
| Support | 57000 | 56000 |
Share Market News and Events Today
Positive News
- Tata Steel – ₹1,625 crore capital infusion into overseas subsidiary to strengthen balance
sheet and support European decarbonization. - Embassy Developments: The real estate developer has signed a strategic
Memorandum of Understanding (MoU) with the Uttar Pradesh government. The pact
entails a heavy capital investment of Rs 1,500 crore to develop premium real estate
projects in the high-growth Lucknow corridor. - Deccan Gold Mines: The company officially inaugurated its flagship Jonnagiri Gold
Project in Kurnool, Andhra Pradesh. Marking a historic milestone for private-sector gold
mining in India, the facility boasts an initial ore processing capacity of approximately
1,000 tonnes per day, shifting the company from an exploration phase to active
commercial production. - HCLTech – Multiple AI, telecom and digital transformation partnerships.
- Bharat Forge – Acquired 90% stake in RS Aerostructures, strengthening defence and
aerospace capabilities.
Negative News
- Waaree Energies – Australian subsidiary voluntarily deregistered (no material operational impact indicated
- Oberoi Realty: Clarified that recent reports of it receiving RERA approval for a 14.8-acre project in Gurgaon reflect only a procedural milestone - the project has been registered on the portal, but the final physical certificate and registration number are yet to be formally issued.
