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Nifty

* Nifty opened the week at made a open of 24253.55 high of 24354.55 lowtheweekat23873.55 and week close at 24131.10. Thus, Nifty closed the week withagainof223.85points on weekly basis.

* On the weekly chart, Nifty started the week on a positive note and witnessedbuyingpressure from the lower level and close in a postive . The overall trading rangeforindexfor coming week would be 24500.00 - 23500.00, either side breakout will leadthetrend.

* On the daily chart, Nifty opened with a upward gap but experiencedbuyingfromtheopeing tick and close in the postive . The chart pattern suggests that, If Niftycrossesandsustains above 24150 level it would witness buying which would lead theindextowards24400 -24500 levels. However if index breaks below 23800 level it wouldwitnesssellingwhich would take the index towards 23500 - 23200.

Banknifty

* Banknifty opened the week at 52046.35 made a high of 52760.20 lowof 51759.45andclosed the week at 52055.60. Thus, Banknifty close the week with a gainof 920.20pointson weekly basis.

* On the weekly chart, banknifty started the week on a positive note andwitnessedsellingpressure from the higher level and close in postive . The overall trading rangefor Bankniftywould be 52600 - 51800 either side breakout will lead the trend.

* On the daily chart, Banknifty opened with a upwardgap but experiencedbuyingfromtheopeing tick and close in postive. The chart pattern suggests that, If Bankniftycrossesandsustains above 52200 level it would witness buying which would lead theindextowards52500 - 52800 levels. However if index breaks below 51700 level it wouldwitnesssellingwhich would take the index toward 51200 - 50800

* Support : 51700 - 51200 - 50800

* Resistance : 52200 - 52500 - 52800

* Sensex opened the week at 80193.47 made a high of 80511.15 lowof 78918.92andclose the week at 79802.79 . Thus, Sensex close the week with a gain of 685.68pointsonweekly basis

* On the weekly chart,Sensex started the week on a positive note and witnessedbuyingpressure from the lower level and close in positive . The overall trading rangeforSensexwould be 80500 - 78800 either side breakout will lead the trend.

* On the daily chart, Sensex opened with a upward gap but experiencedbuyingfromtheopeing tick and close in the postive . The chart pattern suggests that, If Sensexcrossesandsustains above 80500 level it would witness buying which would lead theindextowards81500 - 82200 levels. However if index breaks below 78900 level it wouldwitnesssellingwhich would take the index toward 77500 - 76700.

* Support : 78900 - 77500 - 767000

* Resistance : 80500 - 81500 - 82200

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785