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NIFTY

* Nifty edged lower in a dull session and lost nearly half a percent.

* The majority of sectors traded in sync wherein oil&gas, metal and realty were the top losers.

* Key sectors are currently weighing on the sentiment and we don’t expect relief anytime soon.

* Traders should align their positions accordingly and continue with a hedged approach.

BANK NIFTY 

* Banking index remained lackluster and traded in narrow range to finally settle on a flat note.

* Mixed trend was witnessed among the private banking majors. Wherein Kotak Bank, HDFC Bank remained top gainers.

* Price action indicates the prevailing bias to extend. Maintain a “sell on rise” approach.

* 44100 zone being the intermediate hurdle, while expecting 43400 downside target for positional shorts.

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