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Nifty 

* Nifty traded in a narrow range and ended almost flat, pausing after two consecutive sessions of gains.

* Sectoral movement kept traders engaged, with metals finishing in the green, while realty and IT were among the laggards.

* Nifty is now approaching its immediate resistance at 22,700 and will require fresh catalysts to break past this level.

* Given the mixed signals, we recommend maintaining a positive yet cautious stance, with a focus on prudent position sizing.

Bank Nifty

* The banking index ended lower, taking a breather after three days of advance.

* Among the banking majors, Axisbank and Kotakbank closed in green. While others witnessed profit taking, Indusindbk lost the most.

* The index may continue to consolidate if it maintains its footing above 48200-47800 support levels, with immediate resistance at 48900-49000 zone.

* Having said that, a cautious approach, especially in banking index, is necessary until a decisive move is seen.

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