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NIFTY

* Nifty traded volatile for yet another session and ended marginally higher amid mixed cues.

* Mixed trend on the sectoral front kept the participants occupied wherein metal, IT and media were among the top performers.

* Indications are in the favor of prevailing consolidation to continue in the index.

* Thus participants should maintain their focus on stock selection and risk management.

BANKNIFTY

* Banking index snaps 3-day losing streak and closed higher by 0.25 percent.

* Mixed trend continued within the private banking space wherein ICICI Bank and HDFC Bank held strong.

* A decisive close above 47600 zone is crucial for further rebound.

* We expect consolidation with negative bias. Maintain focus on stock selection and risk management.

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