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Technical Outlook:

Nifty (Spot):

Nifty witnessed some consolidation after a strong rally but bullish momentum is intact and we can expect new highs soon where 15335-15435 is an immediate resistance zone. On the downside, the 15050-15000 area is a very strong demand zone whereas 15200 will act as an intraday support after a gap up opening.

Banknifty (Spot):

Banknifty is also in bullish momentum where 35500 is an immediate hurdle; above this, it is likely to rally towards the 36500 level. On the downside, 34000-33500 is a strong demand zone whereas 35000-34900 will act as an intraday support area after a gap up opening.

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