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MARKET REVIEW

* Equity benchmarks closed with strong gains Friday, lifted by positive global cues.

* The Nifty finished above the 26,000 mark, supported by strength in metal and consumer durables stocks.

* The S&P BSE Sensex surged 449.52 points or 0.53% to 85,267.66. The Nifty 50 index added 148.40 points or 0.57% to 26,046.95.

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

* Nifty is expected to open on a negative note and likely to witness negative move during the day.

* On technical grounds, Nifty has an immediate support at 26000. If Nifty closes below that, further downside can be expected towards 25950-25900 mark.

* On the flip side 26200-26240 will act as strong resistance levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a negative note and likely to witness negative move during the day.

* Bank Nifty’s next immediate support is around 59300 levels on the downside and on a decisive close below expect a fall to 59130-58900.

* There is an immediate resistance at 59820-60000 levels.

TECHNICAL CALL UPDATES

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