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NIFTY

* Nifty started the week on a volatile note and gained over a percent, snapping their recent losing streak, supported by bargain buying.

* The Nifty opened flat after the steep correction seen in previous sessions and inched lower during the early hours, followed by a tight range-bound consolidation.

* Going ahead, the 23,600–23,900 band is likely to act as an immediate hurdle, while on the downside the 22,900–23,000 zone will remain an important support area.

* Participants are advised to maintain a cautious stance, focus on stock-specific opportunities, keep position sizes light, and manage risk carefully

BANK NIFTY

* The banking index recovered momentum and closed higher following three consecutive declining sessions, though it remained significantly below key moving averages.

* The index opened on a firm note but experienced early-session weakness before gaining traction in the latter half.

* Market performance was mixed, with gains led by HDFC Bank and State Bank of India, while Yes Bank and Federal Bank underperformed.

* Technically, resistance is near 55,700, with key support around 52,800.

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