Banking index also traded volatile but managed to end almost unchanged - Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/71e52a83bc938b0e7c08a921c56c217c.jpg)
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Nifty
* Nifty oscillated in a narrow range and ended marginally lower.
* Mixed trend on the sectoral front kept the traders busy. Realty and pharma posted strong gains.
* Resilience in key sectors like banking, financials and auto indicates further more room for upside.
* Maintain focus on stock selection and avoid contrarian trade in index.
Banknifty
* Banking index also traded volatile but managed to end almost unchanged.
* Profit taking in select private banking majors like ICICI Bank and HDFC Bank capped move.
* It is a healthy pause. Major support intact at 41600.
* Recommend continuing with the “buy on dips” approach.
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