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Nifty

* Nifty extended recovery on the weekly expiry day and gained over half a percent.

* Key sectoral indices, realty, banking and energy were on the forefront while defensive FMCG and pharma ended dull.

* It has finally crossed the hurdle at 19,650 and the alignment of the banking pack has further strengthened the tone.

* Align positions accordingly and maintain a balanced approach as broader indices look stretched.

Banknifty

* Banking index engulfed in three days consolidation range and settled higher gaining over a percent.

* Most private banking majors ended in green. Wherein HDFC Bank, ICICI bank, Axis Bank and Indusind Bank contributed the maximum.

* The PSU pack also scaled higher and performed insync with the private banking majors.

* Managed to close above the resistance zone of 44800. Sustainability above the same would lead further upmove towards 45100.

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