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Nifty

* Nifty extended rebound and gained over half a percent amid mixed cues.

* Continued buying in select index majors from banking, IT and capital goods space pushed the index higher.

* Nifty finally breached its critical resistance zone of 18,100 levels. Eyeing 18250-18350 zone now.

* Prefer index majors over others while keeping a check on leveraged trades.

Bank Nifty

* Banking index also witnessed recovery and gained nearly half a percent.

* Private Banks outshined the PSU pack for the second consecutive day.

* Within the private banking space, HDFC bank looks strongest while Axis bank and ICICI Bank seeing rebound.

* Amid all, the hurdle is intact at 42650-42900 zone so plan your positions accordingly

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