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NIFTY

* Nifty opened on a positive note and remained range bound ending the special session marginally higher.

* Almost all sector closed in green. Wherein Metal, Media and Realty remained top gainers.

* Going ahead, we are expecting the upward momentum to extend further towards 22800 and traders should continue with "Buy on Dips" approach provided its holds 21900 mark.

* Traders should remain stock specific and prefers large caps stocks and which are showing high relative strength.

BANK NIFTY

* Banking index opened on a positive note but remained lackluster throughout and closed the special session almost unchanged.

* PSU banks closed on the positive note while the private banks witnessed minor profit taking.

* It rebounded strongly from the 100 EMA and reclaimed its short term moving average ribbon.

* Going ahead we expect the upmove to extend further and banking index to inch higher towards 47800 zone.

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