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NIFTY

* Nifty traded dull in a narrow range and ended almost unchanged.

* Mixed trend on the sectoral front kept the participants occupied. FMCG and IT posted decent gains while metal and energy ended lower.

* Indications are pointing towards further consolidation in the index. Stay sector/ stock-specific.

* IT, FMCG and select auto look positive to us while others may continue to trade mixed so plan accordingly

Technical Chart : Intraday

BANKNIFTY

* Banking index took a pause after the recent fall and gained nearly half a percent.

* Private banks outshined the PSU pack and helped the index to end in green.

* Upside still seems capped. Book profit on rise around 41300-41600 zone.

* Axis Bank, IDFC First Bank and Federal Bank look firm while Bandhan Bank may continue to reel under pressure.

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