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NIFTY 

* Nifty took a breather after the recent surge and ended on a muted note.

* Barring the IT and energy sectors, most indices ended in the green, with realty, FMCG, and banking emerging as the top gainers.

* With the Nifty having reached its immediate target of 24,250, some consolidation in the index is likely.

* Traders are advised to maintain a "buy on dips" approach in the index.

BANKNIFTY

* The banking index started strong with a gap -up opening, and closed with a 0.62% gains with rangebound trading throughout the session.

* The index is showing positive signs, trading above its key moving averages and closing above its resistance zone.

* Currently the index is trading at its fresh all-time high approaching next levels around 56000-56400.

* While at the lower end, it has support around 55100-54600.

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