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NIFTY

* Nifty took a breather on Friday and ended almost unchanged amid mixed cues.

* On the sectoral front realty and pharma edged higher while metal and IT closed in the red.

* Indications are in the favor of prevailing uptrend to continue thus traders should use intermediate dips to add quality stocks.

* Maintain a close watch on the global vindices; especially the US, and the vparticipation of the banking majors for cues on momentum.

BANK NIFTY

* Banking index opened on a positive note but witnessed profit booking in later half and closed near days low.

* Baring HDFC Bank, all other major banking stocks closed in red. Wherein SBIN and Indusin bank remained under pressure.

* It is facing rejection around its previous gap down zone and 61.8 retracement line.

* Mixed trend with the private banking majors capping the upside momentum. Thus trader should avoid aggressive longs.

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