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Technical Outlook:

Nifty (Spot):

Nifty is continuing its bullish momentum where 15250-15300 is an immediate resistance zone. 15000-14850 will be the immediate demand zone at any profit booking while 14600 will be the next important support level. Sector and stock-specific outperformance will be continued.

Banknifty (Spot):

Banknifty is showing some fatigue around 36500 level after a stellar run where 35500-35400 is an immediate support zone; below this 34900-34650 will be the next demand zone. If it manages to trade above 36500 level then we can see further strength towards 37000/37500 levels.

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