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NIFTY

* Nifty edged higher after a day of pause and gained nearly half a percent.

* Mixed trend on the sectoral front kept the traders busy wherein energy and banking posted decent gains.

* Banking, financials and IT hold prominence for further up move so align positions accordingly.

* Reiterate our positive view, and suggest continuing with stock-specific approach.

BANKNIFTY

* Banking index recoup its previous session losses and closed near days high gaining 0.87%.

* Barring ICICI Bank all banking majors ended in green. Wherein Axis Bank, SBI, HDFC Bank and SBI contributed the most.

* PSU banking pack edged higher and significantly outperformed the private banking majors.

 Expect outperformance to continue and scale higher towards resistance zone of 46200. 

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