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MARKET REVIEW

* Equity equities rebounded on Thursday after three consecutive sessions of losses.

* PSU banks and chemical shares advanced while consumer durables and realty shares were under pressure.

* The S&P BSE Sensex jumped 397.74 points or 0.49% to 82,307.37. The Nifty 50 index rose 132.40 points or 0.53% to 25,289.90

NIFTY FUT CHART

NIFTY FUT TECHNICAL OUTLOOK

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

* On technical grounds, Nifty has an immediate support at 25240. If Nifty closes below that, further downside can be expected towards 25170-25100 mark.

* On the flip side 25480-25540 will act as strong resistance levels.

BANK NIFTY FUT CHART

BANK NIFTY FUT TECHNICAL OUTLOOK

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

* Bank Nifty’s next immediate support is around 59100 levels on the downside and on a decisive close below expect a fall to 58900-58700.

* There is an immediate resistance at 59570-59700 levels.

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