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NIFTY

* Nifty took a breather after three days of advance and ended almost unchanged.

* Mixed trend was witnessed on the sectoral front. Pharma and oil&gas posted decent gains while realty and media settled lower.

* May see further consolidation in the index however there will be no shortage of stock-specific opportunities.

* Align positions accordingly, with a focus on sectors that are trading in sync with the benchmark.

BANK NIFTY

* The banking index traded volatile but finally settled around the day’s high at 43,772 levels.

* Meanwhile, mixed trend was seen within the banking pack wherein Axis Bank and ICICI Bank ended in green while HDFC Bank closed lower.

* Inching closer to the major resistance zone i.e. 43,850-44,100. Stay focus on stock selection.

* Within the pack, Axis Bank, Indusind Bank, Federal Bank and ICICI Bank are looking firm

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