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Technical Outlook:

Nifty (Spot):

There is no clear trend in Nifty where 17375-17400 is an immediate resistance area; above this, we can expect a move towards 17500 level. On the downside, 17225-17175 will act as an immediate demand zone; below this, we can expect further weakness towards 17000.

Banknifty (Spot):

Banknifty is also trading sideways where 37000-37100 is an immediate resistance area; above this, it may head towards 37500 level. On the downside, 36500 is an immediate support level; below this, 36000-35800 is a critical demand zone.

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