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Technical Outlook:

Nifty (Spot):

Nifty is breathing after a rally where 15525-15450 is an immediate demand zone; below this, there will be a risk of some selling pressure towards 15330/15150 levels. On the upside 15635-15675 is an immediate supply zone; above this, we can see further strength towards the 15880 level. Traders are advised to understand the intraday trend and then trade accordingly.

Banknifty (Spot):

Banknifty is also losing some momentum near the 35500 level where 35000- 34900 is an immediate demand zone; below this, we can expect some selling pressure towards the 34250-34000 zone. On the upside, 35500-35700 is an immediate supply zone; above this, we can expect a rally towards the 36500 level.

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