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Nifty

* Nifty started the week on a firm note and gained nearly half a percent amid mixed cues.

* Most sectors participated in the up move. Realty, FMCG and banking were among the top gainers.

* Rotational buying in heavyweights helping the index to maintain a positive tone despite mixed global cues.

* Indications are in the favor of prevailing trend to continue. Maintain focus on stock selection.

Banknifty

* Banking index maintained the prevailing tone and retested the previous record high zone.

* Participation was broad-based wherein HDFC Bank, Kotak Bank and SBIN were the key contributors.

* Chart pattern indicates the potential to test 44,800- 46,000 zone soon. Plan your trades accordingly.

* Reiterate our preference for the private banking majors and stay selective in PSU pack.

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