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MARKET REVIEW

* Equity benchmarks closed lower on Monday as investor sentiment turned cautious amid renewed global trade tensions.

* The Nifty slipping below the 25,600 mark, dragged by energy stocks.

* The S&P BSE Sensex tanked 324.17 points or 0.39% to 83,246.18. The Nifty 50 index declined 108.85 points or 0.42% to 25,585.50.

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 Resistance at 25670. If Nifty closes above that, further upside can be expected towards 25740-25800 mark.

* On the flip side 25520-25450 will act as strong support levels.

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 resistance is around 60100 levels on the upside and on a decisive close above expect a rise to 60270-60440. *

* There is an immediate support at 59700-59500 levels

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