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Yesterday markets rebounded almost 3% on back of positive news from Europe and short covering in the frontline stocks. The Nifty ended up 136.75 points or 2.88 % at 4,888.05 and the Sensex advanced 440.13 points, at 16,232.54.
Nifty Futures settled and closed at 4893.90 up by 126.60 points or 2.61 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 4870 or above the resistance level of 4940 it would be in an upward trend.

Support and Resistance Levels for Monday:-
Resistance1- 4940 & above this level
Resistance2- 5070.
Support1- 4870 & below this level
Support2- 4710.

Bank Nifty Futures:-
In banking sectors, CNX Bank Index gained 336.95 points or 3.87 %. Amongst the banking index Axis Bank, ICICI Bank and IDBI Bank were the leaders of the row.   
Bank Nifty Futures finally settled and closed at 9050 up by 339.05 points or 3.89%. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 8920 or above the resistance level of 9150 it would be in an upward trend.

Support and Resistance Levels for Monday:-
Resistance1- 9150 above this level
Resistance2- 9350.
Support1- 8920 & below this level
Support2- 8630.

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