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NIFTY

* Nifty showed resilience amid weak global cues and ended marginally in the green.

* Mixed trend on the sectoral front kept the traders busy. Realty, auto and pharma attracted buying interest while metal and banking remained subdued.

* Recent move shows a tussle around 19,300 in Nifty. Further weakness on global front may deteriorate the sentiment.

* Reiterate our view to keep a check on positions and maintain focus on risk management.

BANK NIFTY

* Banking index closed below 44000 mark and continued its under performance for fifth straight session.

* Barring SBI and IDFC First, all other banking majors ended in red wherein Axis Bank, Indusind Bank and Kotak Bank were among the top losers.

* Closed around the crucial support zone of 43800, which coincides with its 100 EMA. Maintain caution.

* Suggest limiting positions and wait for clarity over the next directional move.

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