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Daily Technical View on Nifty

* Nifty snapped a three-day losing streak on Sept 09 and ended in the positive.

* At close, Nifty was up 0.36% or 88.3 points at 24940.5.

* Cash market volumes on the NSE fell 17.5% compared to the previous session – to the lowest since May 29.

* Broad market indices ended in the red even as the advance decline ratio ended at 0.60:1.

* BankNifty rose more than 1% and outperformed the Nifty

* Nifty formed a small body positive candle on Sept 09 and gave an indication of a small recovery.

* On an hourly chart, Nifty has given some trend reversal signals, as indicators and oscillators have turned bullish.

* Nifty could face resistance from the 25078- 25236 band in the near term while 24564 could offer support.

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