Nifty Prediction Today
The Nifty index ended the session at 22,679 up by 348 points, closed above the support level of 22,000. . Upcoming major resistance now stands at 23000-23400 zone Technically, this area remains significant and is likely to act as a resistance zone in the coming sessions, sustaining above the same will see fresh buying in the market. Immediate next resistance is now placed at 23,000, while on the upside, the index next major resistance zone stands at 23,000– 23,400. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 23,000–23,500 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 22,000–22,100 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 | 23000 | 23400 | 22,679 |
| Support | 22000 | 21700 |
Exponential Moving Averages
| Exponential Moving Averages | |
| 200 DEMA | 25,015 |
| 21 DEMA | 23,606 |
Bank Nifty Prediction Today
Bank Nifty witnessed upward momentum, closing 1173 points up at 51,448 The index continues to hold support in the 49,500–49,000 zone, while resistance remains capped near the 52,000 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 52,000 strike and the highest put open interest at the 49,000 strike, indicating a potential trading range between these key level.
Bank Nifty Support and Resistance Level
| L1 | L2 | Close | |
| Resistance | 52000 | 53000 | 51,448 |
| Support | 49500 | 49000 |
Exponential Moving Averages
| Exponential Moving Averages | |
| 200 DEMA | 56,873 |
| 21 DEMA | 54,628 |
Share Market News and Events Today
Positive News
- NTPC: Co. reports that its Jharkhand coal mine has been transferred to NTPC Mining (NML) and has declared the commencement of commercial operations at the site. Separately, the group's total installed capacity now stands at 89,108 MW, with commercial capacity at 88,028 MW.
- SJVN: Co. reports it generated 1,330 crore units of energy during FY26.
- TVS Motor: Co. reports total sales grew 25% YoY to 5.2 lakh units in March, with strong growth across 2-wheelers, 3-wheelers (up 46%), and EV sales (up 44%)..
- V2 Retail: Co. reports Q4 revenue grew 59% YoY to Rs. 798 crore, achieving a 7.74% Same Store Sales Growth, and ended FY26 with 325 stores.
- Ola Electric: Co. reports daily orders exceeded 1,000 units in the last week of March, with registrations surging 150% YoY to 10,117 units.
- NMDC: Co’s March business update shows total production surged 51% YoY to 5.35 MT, while total sales grew 40% YoY to 5.90 MT.
Maruti Suzuki: Co’s March production volume grew 19% YoY to 2.32 lakh units, driven by passenger vehicle production
Negative/Neutral News
- Glenmark Pharma: Co. has received a Rs. 32 crore tax demand, including penalties, from the Mumbai authorities. (Negative)
- Shree Cement: Co. has received a Rs. 149 crore tax demand from the Rajasthan authorities. (Negative)
