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Nifty

* Nifty opened on a weak note and ended marginally lower, taking a breather after the recent rebound.

* Following an initial gap-down start, the Nifty index moved within a narrow range throughout the session and eventually settled at 25,227.35, down 0.23%.

* Looking ahead, earnings will remain the key focus, though global developments may continue to induce volatility.

* We suggest maintaining a positive bias as long as the Nifty holds above the 25,000 mark, and adopting a strategy of buying quality stocks on dips rather than taking aggressive leveraged positions.

BANK NIFTY

* The banking index maintained a positive bias despite a lower opening, recovering intraday momentum to close marginally higher.

* The continued pattern of higher highs and higher lows reflects sustained bullish sentiment, with the index trading firmly above the 50, 100 and 200-day EMAs.

* Momentum remained mixed, as Federal Bank and Axis Bank showed strength, while IDFC First Bank and IndusInd Bank weakened.

* Technically, immediate resistance is seen near 57,000, with strong support established around the 56,100 level.

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