Nifty Prediction Today
The Nifty index ended the session at 24,078 UP by 26 points, closed above the support level of 23,800. . Upcoming major resistance now stands at 24300-24600 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 24,500–24,600 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
| L1 | L2 | Close | |
| Resistance | 24300 | 24600 | 24,078 |
| Support | 23800 | 23500 |
Exponential Moving Averages
| Exponential Moving Averages | |
| 200 DEMA | 24,547 |
| 21 DEMA | 24,175 |
Bank Nifty Prediction Today
Bank Nifty witnessed upward momentum, closing 295 points UP at 57,758 The index continues to hold support in the 56,500–56,000 zone, while resistance remains capped near the 58,500-58,000 level. 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 level
Bank Nifty Support and Resistance Level
| L1 | L2 | Close | |
| Resistance | 58000 | 58500 | 57,758 |
| Support | 57300 | 57000 |
Exponential Moving Averages
| Exponential Moving Averages | |
| 200 DEMA | 56,421 |
| 21 DEMA | 57,389 |
Share Market News and Events Today
Positive News
- Adani Power: Signed a 25-year power supply agreement with MSEDCL for 1,600 MW from a new 2x800 MW plant.
- Amara Raja: Commissioned a 60 MWh CQP in Telangana with an investment of Rs 500 crore. Commercial cell production is expected next year.
- NTPC Green: Subsidiary Ayana won a 50 MW wind project in an SECI tender at Rs 3.85/kWh.
- Archean Chemical: Investee company Offgrid Energy Labs, in which the company holds an 18.14% stake, inaugurated its first 10 MWh Zinc Bromide battery pilot manufacturing facility in the UK.
- IndiQube Spaces: Added 3.9 lakh sq. ft. property in Sector 142, Noida.
Negative News
- Jain Resource Recycling: Tamil Nadu industrial authorities issued a safety order for Unit-II following the furnace fire incident.
- Medplus Health: Subsidiary received three suspension orders for a drug licence at a store in Karnataka.
