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Nifty

* The December series kicked off on a positive note, with NIFTY gaining nearly 1%..

*  Sectoral outlook: Most key sectors ended higher, with pharma, energy, and auto leading the gains.

* 24350 continues to be an immediate resistance.

* It is recommended that traders exercise caution while looking at large cap and momentum midcap choices.

Bank Nifty

* Banknifty demonstrate consolidation while closing with marginal gains of 0.29%.

* Index took support again at 51800, which is a key level to decode the trend.

* Breakout/breakdown levels are 51800 on the downside, while 52500 will act as an immediate resistance.

* Index likely to be in buy on dips with staggered buying opportunities to 52500 levels.

* Traders are recommended to play the index with bull-call or bull-call ladders until a clear picture emerges.

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