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Technical Outlook:

Nifty (Spot):

Nifty witnessed a decent short-covering rally however 15700-15850 is a critical supply zone where we can again see selling pressure. On the downside, 15560/15480/15390 will be important support levels. Traders are advised to look for shorting opportunities near the 15700 level and buying opportunities near the 15400 level

Bank nifty :

Banknifty has stiff resistance near 33700 where we can again see selling pressure. On the downside, 32900/32500 will be the immediate support level. For the intraday, 33200 will be the immediate hurdle.

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