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Today NSE Nifty is expected to trade positive around its critical level of 5,303. If the benchmark holds this level, it may creep towards the target at 5,339. The market may consolidate for a while around this level, some positive news from global counterparts can move it to upside and extend towards the major resistance at 5,375. However if some negative surprises from SBIN Q2 results followed by any negative sentiment  from Eurozone, below 5303, the index can drift towards the first support at 5,256. A fall below this can take the NSE index towards the major support at 5,233.


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