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MARKET REVIEW

* Equity benchmarks indices closed marginally lower on Tuesday as thin year-end trading kept sentiment.

* Consumer durables and IT stocks declined, while metal, PSU bank and auto shares ended higher.

* The S&P BSE Sensex declined 20.46 points or 0.02% to 84,675.08. The Nifty 50 index lost 3.25 points or 0.01% to 25,938.85.

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

* Nifty is expected to open on a flattish note and likely to witness range bound move during the day.

* On technical grounds, Nifty has an immediate Resistance at 26000. If Nifty closes above that, further upside can be expected towards 26070-26140 mark.

* On the flip side 25880-25800 will act as strong support levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a flattish note and likely to witness range bound move during the day.

* Bank Nifty’s next immediate resistance is around 59300 levels on the upside and on a decisive close above expect a rise to 59500-59700.

* There is an immediate support at 58880-58600 levels.

TECHNICAL CALL UPDATES

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