Banking index continue to trade in line with the benchmark and gained over half a percent - Religare Broking
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Nifty
* Nifty traded volatile for yet another session and ended with gains of over half a percent.
* The recovery in banking, IT, auto and metal majors played a crucial role in the rebound while others witnessed mixed trend
* To regain some strength, Nifty should decisively cross the 18,100 mark.
* Besides, the sustainability of global markets will also remain on the radar.
Banknifty
* Banking index continue to trade in line with the benchmark and gained over half a percent.
* The recovery was broad-based however rebound in the private banking majors played a crucial role.
* We may see a further rebound but the hurdle is intact at the 42650-42900 zone.
* Prefer stocks that are showing relative outperformance but avoid going overboard.
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