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NIFTY (WEEKLY)

* Benchmark index traded could not sustain above 18000 levels and witnessed pullback in the later part of the last week.

* Benchmark index is likely to trade in a broad range albeit with an elevated volatility in the monthly expiry week.

* Benchmark Index hassupport at 17,650 – 17,500 level and resistance at 18,200 – 18,300 level.

BANKNIFTY (WEEKLY)

* Banking index underperformed the benchmark index and closed with negative candlestick formation

* Bank Nifty is likely to continue its underperformance vis-à-vis Nifty in the coming week.

* Banking index has support at 40,300 – 39,800 and resistance at 41,800 -42,300 level.

FINNIFTY (WEEKLY)

* FINNIFTY index performed slightly better than the banking index in the last week.

* Similar to benchmark Nifty Index, FINNIFTY is likely to trade volatile during the forthcoming week.

* FINNIFTY has support at 18,100 – 17,900 level and resistance at 18,800 – 19,000 level.

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