Nifty Prediction Today
The Nifty index ended the session at 23,416 UP by 10 points, closed above the support level of 23,300. . 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 development.
Nifty Support and Resistance Level
| L1 | L2 | Close | |
| Resistance | 24300 | 24500 | 23,416 |
| Support | 23800 | 23300 |
Exponential Moving Averages
| Exponential Moving Averages | |
| 200 DEMA | 24,690 |
| 21 DEMA | 23,944 |
Bank Nifty Prediction Today
Bank Nifty witnessed upward momentum, closing 121 points up at 54,307 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
| L1 | L2 | Close | |
| Resistance | 56000 | 56500 | 54,307 |
| Support | 54500 | 51500 |
Exponential Moving Averages
| L1 | L2 | Close | |
| Resistance | 56000 | 56500 | 54,307 |
| Support | 54500 | 51500 |
Share Market News and Events Today
Positive News
- CG Power: Company has commissioned extra high-voltage switchgear unit in Maharashtra's Nashik.
- Hyundai Motor: Company to launch its first mass-market EV from Chennai plant this year; reaffirms commitment to make Tamil Nadu its EV hub.
- Persistent Systems: Company collaborates with Databricks and Milwaukee School of Engineering (MSOE) to strengthen AI engineering talent pipeline
- Tata Technologies: Company launches the fourth edition of its InnoVent hackathon, in collaboration with Emerson and Amazon Web Services, focused on AI at the edge
- Wockhardt: Company announces plans to launch Zaynich in Europe and expand it into emerging markets over the next two years
- Juniper Hotels: Company signs an agreement to acquire 100% stake in Juniper Hospitality Assets and plans to develop a five-star hotel in New Delhi on a 2.52-acre land parcel.
Negative News
- Andhra Paper: Company says workmen have not resumed duties despite lockout revocation, leading to production loss of ~205 tonnes per day at Kadiam Unit.
- United Spirits: Company proposes closure of Hyderabad manufacturing unit.
- Ambuja Cements: Company receives BSE, NSE nod for Orient Cement merger.
