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Nifty

* Nifty remained volatile for yet another session and ended almost on a flat note.

* Tone was negative initially however buying banking, financials and auto majors trimmed losses.

* Expect further consolidation in the index citing mixed signals from the global front.

* Meanwhile, focus on stock-specific trading opportunities.

Banknifty

* Banking index finally surpassed the hurdle at 43500 decisively and gained over half a percent.

* Among the banking majors, HDFC Bank, Axis Bank and ICICI Bank were the top contributors.

* We are now eyeing a new record high soon. Maintain a “buy on dips” approach.

* Axis Bank, ICICI Bank, IDFC First Bank and Indusind Bank look firm on the charts. Plan trades

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