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DEAR
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Today's Market Recap!
Nifty & Bank Nifty End on a Strong Note with Bullish Momentum
The Nifty index opened the session on a muted note at 25,073.60 but gained strong momentum during the day to close higher at 25,239.10, up 0.68%. The upside was driven by strength in auto stocks on improving demand signals, along with optimism over U.S. trade talks and expectations from the upcoming Federal Reserve rate decision. On the daily chart, the index has formed a bullish candle, indicating a positive near-term outlook. Key levels to watch are support at 25,000 and 24,800, while resistance is placed at 25,500 and 25,600.
The Bank Nifty index opened the day on a weak note at 54,778.40 but moved higher through the session, supported by positive global cues and strong domestic sentiment. The index finally closed with a gain of 0.47% at 55,147.60. On the daily chart, a bullish candle has formed, indicating a positive outlook in the near term. Traders can watch support levels at 54,700 and 54,600, while resistance is placed at 55,500 and 55,600.
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