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NIFTY

* NIFTY remained volatile and ended slightly lower, continuing their ongoing corrective phase.

* Sectoral performance was mixed, with realty and FMCG finishing in the green, while metals and auto were among the top losers.

* we recommend maintaining a cautious stance until Nifty decisively surpasses the 25,300 level.

* Traders should focus on stock selection and adopt a balanced approach.

BANKNIFTY

* Banknifty traded under a narrow range after opening slightly higher.

* Traded strong compared to other major benchmark index, tested 100 EMA again & rebounded to close near days highs.

* Simultaneously the index has closed above 38.2% of its Fibonacci retracement of its primary trend.

* Traders are recommended to have a close watch at 51750 as support & Participate the follow-on upside to 52300 as next leg of target.

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