Nifty Prediction Today
The Nifty index ended the session at 23,913 DOWN by 118 points, closed above the resistance level of 23,800. . Upcoming major resistance now stands at 24300 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 24,500–24,300. 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 23,500–23,800 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 | 24500 | 23,913 |
Support | 23800 | 23300 |
Exponential Moving Averages
Exponential Moving Averages | |
200 DEMA | 24,743 |
21 DEMA | 24,046 |
Bank Nifty Prediction Today
The NIFTY BANK witnessed Downward momentum, closing 200 points down at 55,092 The index continues to hold support in the 54,500–54,000 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 | 55,092 |
Support | 54500 | 51500 |
Exponential Moving Averages
Exponential Moving Averages | |
200 DEMA | 56,277 |
21 DEMA | 54,533 |
Share Market News and Events Today
Positive News
Saatvik Green: The company secured a Rs 171 crore order for the supply of Solar PV modules.
JK Tyre: Reappointed Raghupati Singhania as CMD for 5 years and announced a Rs 4,980 crore capex plan to expand radial tyre capacity by FY30.
KEC International: Secured new orders worth Rs 1,303 crore across its varied business segments.
GPT Infraprojects: Secured a new order worth Rs 72 crore from the Eastern Railway.
Clean Max Enviro: Raised roughly $575 million to expand renewable projects and successfully commissioned 351.4 MWp at the Bikaner Solar Park.
Tata Elxsi: Launched a new material intelligence platform called 'ViTel AI'.
NLC India: Signed an MoU with IIT(ISM) TEXMiN to conduct critical and strategic mineral exploration and research.
Negative News
Yes Bank: The NSE imposed a Rs 1 lakh penalty on Yes Securities and banned it from onboarding new clients for the next 3 months.Negative)
