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Nifty closed the previous session at 26,027, with a marginal loss of 20 points. On the daily chart, the index formed a bullish candle with shadows on both ends, indicating indecision among market participants regarding near-term direction.

Meanwhile, Bank Nifty settled at 59,462, up 72 points. The index printed a strong bullish candle on the daily chart and decisively closed above its 20-day SMA at 59,293, reinforcing a positive short-term bias.

Our trend score analysis suggests a bullish outlook for both the Nifty and Bank Nifty benchmarks.

Kindly refer to the attached file for in-depth market insights, featuring pivot points, key metrics, and the leading gainers and losers.

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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