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NIFTY

* Nifty traded dull and ended unchanged amid mixed cues.

* Mixed trend on the sectoral front kept the participants busy wherein FMCG and auto posted modest gains.

* Decisive move above 19750, which coincides with 20 EMA, may prompt some recovery.

* We reiterate our view to stay stock-specific and avoid aggressive positions.

BANKNIFTY

* Banking index traded lackluster throughout the session and finally settled marginally lower by 0.30%.

* Mixed trend was witnessed among the banking participants. HDFC Bank, and SBI were among the top gainers wherein ICICI Bank, Kotak Bank and Indusind Bank capped the upside.

* The intermediate hurdle is placed around 45050 zone, which coincides with its short term average.

* Restrict aggressive positions and focus more on risk management.

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