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DEAR
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Today's Market Recap!
Market Extends Gains on Global Optimism; Positive Outlook for Nifty and Bank Nifty
Indian markets traded positively on Monday, tracking strong cues from Asian peers. Optimism over progress in U.S.-China trade talks and soft U.S. inflation data boosted sentiment, increasing expectations of further Federal Reserve rate cuts.
The Nifty index opened at 25,843.20 and traded positively throughout the session, closing at 25,966.05 with a gain of 0.66%. Similarly, the Bank Nifty opened at 57,796.45 and ended higher by 0.72%.
Overall sentiment for both indices remains positive as traders are showing renewed interest and price action is supporting the bullish outlook.
For Nifty, key support levels are placed at 25,800 and 25,700, with resistance seen at 26,100 and 26,300.
For Bank Nifty, traders can watch support at 57,800 and 57,650, while resistance is placed at 58,300 and 58,500 levels.
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