Banknifty manages to close above the 36000 mark which may lead to further rally towards the 36500 resistance level - Swastika Investmart
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Technical Outlook:
Nifty (Spot): Nifty is extending its upmove following a strong breakout which may continue further while 16300 could act as a minor resistance ahead of weekly option expiry and 16200 is an immediate support level whereas 16000 will act as a strong base.
Banknifty (Spot): Banknifty manages to close above the 36000 mark which may lead to further rally towards the 36500 resistance level. On the downside, 35800 will act as an immediate support level while 35200-35000 is a major support area.
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