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NIFTY

* Nifty remained range bound for the second consecutive session and ended almost unchanged.

* A mixed trend on the sectoral front kept the traders occupied wherein realty and metal posted decent gains while FMCG and pharma settled marginally lower.

* A decisive close above short term moving average i.e. 20 EMA, is needed to ease the pressure.

* We reiterate our view to stay stockspecific and keep a check on leveraged trades.

BANK NIFTY

* Banking index traded lackluster in a narrow range and closed unchanged.

* Mixed trend was witnessed among the participants. Wherein HDFC Bank, SBIN, Bank Baroda and PNB were among the top gainers. While Axisbank, Indusind Bank and ICICI Bank remained subdued.

* Closed around its short term average .i.e. 20 DEMA. Sustenance above 44550 would extend the up move towards 45100.

* Trade in sync with the trend while keeping a check on position size and risk management.

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