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Nifty

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

* Mixed trend on the sectoral front kept the participants busy. PSU banking and IT edged higher while metal and auto settled in the red.

* It is prudent to limit positions and wait for a decisive breakout from the 17,800- 18,100 zone in Nifty.

* Apart from the domestic factors, the performance of the global markets will remain in focus.

Banknifty

* Banking traded in sync with the benchmark index and lost nearly half a percent.

* The private banking counters drifted lower however a decent recovery in the PSU space has capped the damage.

* We recommend staying selective while keeping a check on the position size.

* Within the pack, Bankbaroda, Federal Bank, Indusindbnk and PNB look firm.

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