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NIFTY

* Nifty traded under pressure and lost over a percent, after the days of steady rise.

* Decline was widespread wherein metal, financials and banking were badly hit.

* We expect the 19,600-19,750 zone to provide a cushion in case the fall continues.

* Focus on risk management citing the possibility of a rise in volatility.

BANK NIFTY

* Biggest four month Intraday fall in HDFC Bank, banknifty ended losing over a percent.

* Barring AU Bank and Axis Bank all other banking major closed in red. Wherein HDFC Bank, ICICI Bank and Indusind Bank contributed the maximum.

* It is trading near the crucial support area, which coincides with its short term average i.e 20 DEMA.

* Positive bias would turn to range bound, if it breaks below 45000

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