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Nifty

* NIFTY traded in a subdued manner and ended marginally higher, extending Tuesday's trend.

* Sector-wise, a mixed performance continued, with gains in realty, IT, and energy, while pharma and auto sectors closed in the red.

* Immediate trading resistance stays at 23340.

* Traders should align their strategies with a strong focus on risk management.

Bank Nifty

* Bank Nifty opened with a muted stance and traded lacklustre throughout the session.

* The index is witnessing consolidation post major correction from high levels, closing forming doji on the daily chart.

* Banking majors stayed muted with Kotak Bank and some PSUs posting some short covering.

* Fresh downside can trigger, post breaking down below the 48400 mark.

* Traders are recommended to play with a sell-on-bounce strategy in the index.

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