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Nifty

* After a flat opening, the Nifty index traded into negative territory with a range-bound move, as it made an intraday low at 14597.85 during the session and settled at 14736.40 with a moderate loss of 7.60 points.

* Buying was witnessed in Pharma, FMCG and IT sectors, while the bank index ended Lower.

* The top gainers on the Nifty included ADANIPORT, BRITANNIA, TECHM and TCS. Meanwhile, top losers were INDUSINDBK, POWERGRID, ICICIBANK and HDFCBANK. On the technical front, the Nifty index has been trading with the support of 21-Hourly Moving Averages, which points out strength in the index.

* Moreover, The Index has confirmed Bullish Engulfing Candlestick Pattern on an Hourly Chart which suggests an upside rally for the upcoming session.

* At present, the nifty index has an immediate resistance at 14900 levels while downside supportis shifted up to 14500 levels.

Bank Nifty

* Onadiaily chart, bank nifty has settled at 33603.45 levels with aloss of 545 points.

* Moreover, The Index has confirmed Bullish Harami Candlestick Pattern on an Hourly Chart which suggests an upside rally for the upcoming session.

* Furthermore, an oscillator stochastic also showed positive crossover, which indicates reversal for the near term.

* At Present in the Index has support comes at 33300 level while resistance comes at 34500 level.

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