Banknifty is underperforming where 32500 is immediate support - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is consolidating where 15000-15050 is an immediate hurdle while 20-DMA of 14775 is immediate support; below this we can expect selling pressure towards the 14500-14450 support area. On the upside, 15200 crucial resistance and market will remain choppy till Nifty trades below 15200 level.
Banknifty (Spot):
Banknifty is underperforming where 32500 is immediate support; below this, we can expect selling pressure towards 32000/31500 levels. On the upside 33000 is an immediate hurdle then 33500/34000 are critical resistance levels.
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