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Nifty

* Nifty oscillated in a narrow range and ended marginally lower.

* Mixed trend on the sectoral front kept the traders busy. Realty and pharma posted strong gains.

* Resilience in key sectors like banking, financials and auto indicates further more room for upside.

* Maintain focus on stock selection and avoid contrarian trade in index.

Banknifty

* Banking index also traded volatile but managed to end almost unchanged.

* Profit taking in select private banking majors like ICICI Bank and HDFC Bank capped move.

* It is a healthy pause. Major support intact at 41600.

* Recommend continuing with the “buy on dips” approach.

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