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Morning Market Outlook.

* The market is expected to open on a positive note, supported by stable global conditions as investors digest the US President's announcement of reciprocal tariffs, which are expected to be implemented in April.

* Globally, European markets saw gains of up to 1%, reaching record highs, while Asian markets are showing mixed trends ahead of the Bank of Australia’s policy meeting today.

* Gift Nifty is flat to negative. Expect stock and sector-specific movements, with a focus on capital goods stocks following strong quarterly results from ABB. US Index Future are up 0.2% ahead of US Fed minutes to be release today.

* U.S market closed yesterday on account of holiday for Presidents Day. Focus on stocks today – ABB, MCX, Paytm, Arvind Smart Space, PPL Pharma, Paytm and Anant Raj.

NIFTY (CMP : 22959) :

Nifty immediate support is at 22800 then 22725 zones while resistance at 23150 then 23250 zones. Now if it manages to cross and hold above 23000 zones then bounce could be seen towards 23150 then 23250 zones while supports are intact at 22800 then 22725 zones.

BANK NIFTY (CMP : 49258) :

Bank Nifty support is at 49000 then 48750 zones while resistance at 49750 then 50000 zones. Now it has to hold above 49000 zones for a bounce towards 49750 then 50000 while on the downside support is seen at 49000 then 48750 levels.

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