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Nifty

* Nifty consolidated in a range for yet another session and ended unchanged.

* Mixed trends on the sectoral front kept the traders busy wherein pharma, metal and banking ended in the green.

* A decisive gap-up move above 19,850 could pave the way for a new high else range bound bias would continue.

* Meanwhile, stay selective and avoid contrarian trades.

Banknifty

* Banking index outperformed the benchmark index for second straight session and gained nearly half a percent.

* Baring indusind bank, all other private banking major closed in green. HDFC bank, ICICI bank and Axis bank contributed the maximum.

* Now sustainability above intermediate hurdle of 43700 zone is crucial for further upmove towards 44100.

* Reiterate our view to follow stock-specific approach and focus more risk management.

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