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Technical Outlook:

Nifty (Spot):

Nifty is continuing its bullish momentum where 15000 is a psychological hurdle while 15200 will be the next hurdle. 14550-14500 will act as a strong demand zone at any profit booking. For the intraday, 14800 will act as a fulcrum for the Nifty where if it manages to above this level then we can expect a move towards 14850-14900 area while if it trades below 14800 level then Nifty may try to settle around 14700 level.

Banknifty (Spot):

Banknifty is showing decent strength where 35000 is a psychological hurdle and if it manages to trade above this level, then we can expect a further rally towards 35300/35500 levels. On the downside, 34500 is an immediate support level while 33700 will be the next support level.

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