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Tuesday, July 26, 2016

BANK NIFTY OUTLOOK

Bank Nifty remains closed slightly lower on the back of late hours selling.

On the higher end price moved above 19000 however, faced resistance at

19050 and closed below 19000. The short term bias remained positive; on

the higher end resistance remained intact at 19050. Closing above 19050 is

expected to induce more upsides. On the lower end good support seen at

18800.

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