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Technical Outlook:

Nifty (Spot):

Nifty is trading near the 15200-15150 demand zone after a minor pullback and we can again see a bounceback from this zone where 15300-15350 is the immediate resistance area while 15430 will be the next resistance level. If Nifty manages to hold the 15200 level for the first 45 minutes then we can expect the expiry around the 15300 level.

Banknifty (Spot):

Banknifty is also consolidating above 36500 support level with positive bias where 37200 is an immediate hurdle and if it manages to trade above this level, then we can expect a move towards 37500 level. On the downside, if we can expect any weakness only below the 36400 level.

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