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Nifty

* Nifty touched a new milestone of “19000” on monthly expiry day and gained nearly a percent.

* Most of the sectors contributed to the move. Metal, pharma and energy were among the top gainers.

* We maintain our positive view and suggest aligning positions accordingly.

* At the same time, avoid going overboard and stay focused on risk management.

Banknifty

* Banking index too tested a new record high and gained over half a percent.

* Mixed trend was witnessed. HDFC Bank, ICICI Bank and Axis Bank were the top contributors.

* Formed a higher base at 43,800. Upside potential of 45200+.

* Expect private banking majors to outperform. Plan trades accordingly.

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