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Markets closed on a flat note amid growth concern after the government released the dismal set of GDP numbers. The Sensex provisionally closed at 17,752.68 up 21.56 points and the Nifty closed at 5385.20 up 9.70 points. Earlier in the day, the markets opened on a firm note and the Sensex touched the high of 18,001.35 in the morning trades.The GDP growth of 6.1% in the third quarter this fiscal, lowest in more than 2 years due to poor performance of the manufacturing, mining and farm sectors was not in line with the street expectations and dampened the investor sentiment. Post this announcement selling pressure was visible in capital goods, FMCG, banking and IT stocks.

Nifty Futures
Nifty Futures shut stop at 5435 down by -6.50 points or -0.12 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5520 else below support level of 5399 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5570 mark.
SUPPORT: It has first support close to the level of 5399 & below this level the next support is seen near 5300 mark.


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