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NIFTY

* Nifty began the week on a feeble note, shedding nearly half a percent amid mixed cues.

* All key sectors declined in line with the broader trend, with realty, energy, and auto leading the losses.

* For the market to surpass the short-term resistance of the 20-day EMA at 22,700, a fresh catalyst is needed.

* Amid all, we suggest continuing with a positive yet cautious approach in the prevailing scenario, with focus on stock selection and risk management.

BANK NIFTY

* The banking index traded under pressure and lost over half a percent, reflecting weak sentiment.

* All the banking majors ended in red wherein Indusindbk, Canbk, Pnb were among the top losers.

* The index has reversed its gains from the crucial resistance zone which coincides with its 20 DEMA.

* Moving forward, a decisive break below the 48,100 mark could hinder the recovery and potentially drag the index again toward its previous important support levels of 47,800-47500.

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