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NIFTY

* Nifty started the week on a muted note and ended almost unchanged.

* Mixed trend on the sectoral front kept the participants busy wherein metal, banking and realty were in limelight.

* We expect the resumption of the trend soon. Meanwhile, continue with “buy on dips”.

* Buoyancy on the global front especially US is added positive.

BANKNIFTY

* The banking index outshined the benchmark and edged higher.

* The recovery in select private banking majors combined with buying in the PSU pack kept the tone positive.

* A decisive breakout above 43,500 could further fuel the surge.

* Stay selective for fresh buying and keep trailing stop losses in the profitable trades.

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