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Global Market Setup

* US markets gained yesterday, the second straight day of gains, after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted economic resilience.

* US Q3 GDP reported better than expectation at 4.4%, while US PCE reported inline with expectation at 3.5%.

* Dow jones rose 0.6%, S&P500 gained +0.6% and Nasdaq was up +0.9%

* European indices gained ~1%

* Dow futures are currently trading ~0.1% higher

* The Asian indices are mostly trading 0.5-1% higher

* Global Cues: Positive

Nifty Technical Outlook

NIFTY (CMP : 25289) Nifty immediate support is at 25150 then 25000 zones while resistance at 25450 then 25600 zones. Now it has to hold above 25200 zones for a bounce towards 25450 then 25600 zones while supports are placed at 25150 then 25000 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59200) Bank Nifty support is at 59000 then 58750 zones while resistance at 59500 then 59750 zones. Now it has to cross and hold above 59250 zones for a bounce towards 59500 then 59750 levels while a hold below the same could see weakness towards 59000 then 58750 zones.

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