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MARKET REVIEW

* Equity benchmarks indices ended nearly flat as the expiry of weekly Sensex derivatives.

* The Nifty closed below the 25,150 mark after giving up early advances, with auto and metal stocks rising while pharma and healthcare shares declined.

* The S&P BSE Sensex declined 32 points or 0.04% to 85,188.60. The Nifty 50 index gained 16.95 points or 0.06% to 26,146.55.

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

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

* On technical grounds, Nifty has an immediate Resistance at 26380. If Nifty closes above that, further upside can be expected towards 26440-26500 mark.

* On the flip side 26200-26140 will act as strong support levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

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

* Bank Nifty’s next immediate resistance is around 60200 levels on the upside and on a decisive close above expect a rise to 60400-60600.

* There is an immediate support at 59800-59650 levels.

TECHNICAL CALL UPDATES

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