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NIFTY

* Nifty traded dull on the special trading session but managed to end with marginal gains.

* Mixed trend on the sectoral front kept the traders occupied wherein realty and pharma posted modest gains while banking and financials traded subdued.

* The buoyancy on broader front combined with select heavyweights are offering ample opportunities.

* Participants should align their positions accordingly and continue with “buy on dips” approach.

BANK NIFTY

* Banking index traded dull in sync with benchmark index forming a small candle and closed marginally higher.

* Almost all banking majors closed in green. Wherein SBIN, HDFC Bank and Indusind Bank closed with decent gains.

* It has closed around its intermediate hurdle of 48100 which coincides with short term moving average i.e. 20 DEMA

* Thus, sustenance above the same would propel the next leg of towards 48500 and 48800 levels.

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