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Technical Outlook:

Nifty (Spot):

Nifty is trading volatile in the range of 17800-17600 where it may try to expire in the range of 17700-17600 however if it slips below the 17600 mark then selling pressure may get momentum towards the 17500 level. Traders are advised to respect the levels while sector and stockspecific trading opportunities will be there.

Banknifty (Spot):

Banknifty is also trading volatile where the 37900-38000 is acting as an immediate supply zone while the 37500-37300 is acting as a support zone. Any decisive move from the 38000-37000 zone will dictate the further direction.

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