Banking index also maintained its positive tone and rose nearly a percent - Religare Broking
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Nifty
* Nifty traded buoyant on the weekly expiry day and gained nearly a percent.
* Mixed trend was witnessed on the sectoral front. Financials and metal posted decent gains.
* Apart from banking and financials, seeing rotational buying across sectors.
* Surge in the index shows more leg to the prevailing up move. Align positions accordingly
Banknifty
* Banking index also maintained its positive tone and rose nearly a percent.
* Most of the stocks participated in the move wherein HDFC Bank outshined others with strong margins.
* Surpassed the hurdle at 43,500. Looks set to retest the record high zone i.e. 44,150 now.
* We maintain our bullish view but suggest staying selective.
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