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Morning Market Outlook

* Market is expected to open on a strong note due to a rally in the US, European, and Asian markets, which has lifted global sentiment.

* This follows a delay in tariffs on imports from Mexico and Canada, easing concerns about a multi-front trade war. Additionally, the US Dollar Index has dropped below 109, and FIIs have returned to buying domestic equities since January 2, 2025.

* The US market rose by over 1% after strong quarterly results and a de-escalation of trade tensions. Traders can focused on Banking, Real estate, Auto and NBFC stocks ahead of the RBI’s credit policy announcement on Friday.

* Stocks related to exchanges are also in focus after the NSE posted strong quarterly results.

* Gift Nifty is up by 0.3%. Results Today - Info Edge, Zydus Lifesciences, Swiggy, Cummins India, Page Industries.

Nifty (CMP : 23361)

Nifty immediate support is at 23600 then 23500 zones while resistance at 23850 then 24000 zones. Now it has to hold above 23650 zones for an up move towards 23850 then 24000 zones whereas supports are placed at 23600 then 23500 zones.

Bank Nifty (CMP : 49210 )

Bank Nifty support is at 50000 then 49750 zones while resistance at 50500 then 51000 zones. Now it has to hold above 50000 zones for an up move towards 50500 then 51000 levels while on the downside support is seen at 50000 then 49750 zones.

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