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NIFTY

* Nifty experienced a volatile session but managed to close near the day's high.

* Sectoral performance was mixed where energy and realty sectors posted gains, whereas IT and FMCG lagged.

* We maintain our bullish outlook amid ongoing consolidation and recommend focusing on stock selection aligned with sectoral trends.

* Traders should plan their positions accordingly.

BANKNIFTY

* Banking index opened lower but recovered its early losses and closed near day’s high.

* Mixed trend continued among the banking majors wherein AXISBANK and FEDERALBNK closed on a positive note while PNB and KOTAKBANK remained under pressure.

* We believe this consolidation is likely to continue amid positive bias with support placed around 53350 zone.

* Traders should remain very specific in stock selection when it comes to banking names and prefer private banking stocks over PSU banking majors.

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