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NIFTY

* Nifty started the week on a muted note and ended marginally lower, taking a breather after the recent surge.

* Mixed trend across sectors kept the traders occupied wherein pharma and metal performed well.

* Maintain our bullish view and suggest focusing on buying opportunities amid consolidation.

* We feel stocks from FMCG, pharma and metal can do well so align trades accordingly.

BANK NIFTY

* Banking index took a breather after two days of consecutive rise and closed lower by over half a percent.

* Barring SBIN all other banking major closed in red. While ICICI bank, Axis bank and Indusind bank capped the upside.

* Expect consolidation to continue in banking index with positive bias.

* Maintain buy on dips approach and advice to accumulate private banks on decline.

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