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2023-09-26 08:55:40 am | Source: Religare Broking Ltd
Banking index remained volatile throughout the session and finally settled marginally higher - Religare Broking Ltd
Banking index remained volatile throughout the session and finally settled marginally higher - Religare Broking Ltd

NIFTY

* Nifty started the week on a muted note and ended unchanged, taking a breather after the recent slide.

* Mixed trends on the sectoral front, wherein realty and financials edged higher, while IT and pharma ended in the red.

* The upside seems capped citing a strong hurdle around the 19800-19900 zone.

* Stay stock-specific and focus more on risk management.

* We reiterate our view to stay stock-specific and focus more on risk management. 



BANKNIFTY

* Banking index remained volatile throughout the session and finally settled marginally higher.

* SBI and Indusind Bank remained subdued. While Kotak Bank, ICICI Bank and HDFC Bank contributed the maximum.

* Resistance is seen at 45050 zone, which coincides with its short term average i.e. 20 EMA.

* Trade in sync with the trend while keeping a check on position size.



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