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Morning Market Outlook

* Market is expected to open positively due to a drop in domestic inflation to a five-month low, hopes of a favourable outcome regarding trade tariffs between India and the US during the Prime Minister's visit, and reports of peace talks between US and Russian Presidents over the Ukraine conflict.

* Globally, US markets fell by up to 0.5% following a higher-than-expected US inflation reading, which raised concerns that the Federal Reserve might not cut interest rates anytime soon.

* US inflation in January reached a nearly one-year high of 3%, up from 2.9%, with core inflation rising to 3.3% from 3.2%. Meanwhile, Asian markets gained up to 1%, supported by a sell-off in US government bonds.

* GIFT Nifty is flat.

* Results Today Hindalco, United Breweries, Ipca Lab, SJVN, Deepak Nitrite, Mannapuram Finance

NIFTY (CMP : 23045)

Nifty immediate support is at 22950 then 22800 zones while resistance at 23150 then 23333 zones. Now till it holds below 23150 zones, weakness could be seen towards 22950 then 22800 zones whereas hurdles are placed at 23150 then 23333 zones.

BANK NIFTY (CMP : 49981)

Bank Nifty support is at 49000 then 48750 zones while resistance at 49750 then 50000 zones. Now till it holds below 49750 zones weakness could be seen towards 49000 then 48750 levels while on the upside hurdle is seen at 49750 then 50000 zones

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