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Hello Sathwik,
Considering your GATE score and that you are of Open category, you should have an outside chance of getting M.Tech opportunity in new IITs like Indore, Gandhinagar, etc. You will almost surely get a chance in new NITs like Meghalaya, Nagaland and Manipur. You should also try for other good colleges like BITS Pilani. Follow the below links for GATE cutoffs of various IITs and NITs:
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