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NIFTY

* Nifty witnessed another volatile session but managed to end with gains of nearly half a percent.

* After an initial uptick, the Nifty swung sharply in both directions on the monthly expiry day before finally settling at the 24,833.60 level.

* On the sectoral front, most indices closed higher, with metal, realty, and pharma among the top gainers.

* The rebound in the Nifty reinforces the ongoing consolidation view, with immediate support now placed at the 24,600 level.

BANK NIFTY

* The banking index witnessed a volatile session, erasing early losses in the second half to close in the green.

* This recovery highlights underlying strength, but a decisive breakout above 56,100 on a closing basis is crucial to confirm the end of the current consolidation phase.

* On the downside, support is firmly placed at 54,900, near the 20-day DEMA, which should cushion any short-term declines.

* The broader trend remains bullish, and sustained buying interest above resistance levels could open the path for further upside.

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