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MARKET REVIEW

* Equity benchmarks closed lower on Monday.

* The Nifty, weighed down by weakness in consumer durables and IT stocks.

* The S&P BSE Sensex declined 345.91 points or 0.41% to 84,695.54. The Nifty 50 index lost 100.20 points or 0.38% to 25,942.10.

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 25890. If Nifty closes below that, further downside can be expected towards 25800-25740 mark.

* On the flip side 26070-26140 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 58800 levels on the downside and on a decisive close below expect a fall to 58680-58540.

* There is an immediate resistance at 59100-59250 levels.

TECHNICAL CALL UPDATES

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