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NIFTY

* Nifty extended recovery and finally settled with modest gains.

* On the sectoral front, realty, metal and IT posted decent gains while FMCG traded subdued

* A decisive breakout above 18750 would fuel recovery else consolidation will resume

* Continue with stock-specific approach while maintaining the positive bias.

BANKNIFTY

* Banking index traded in tandem with the benchmark index and ended marginally higher.

* We’re seeing a mixed trend within the private banking space. Stay selective.

* Critical hurdle remains intact at 44,250 levels.

* We reiterate our view to accumulate private banks on dips.

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