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Nifty

* Nifty oscillated in a narrow range and ended marginally in the green amid mixed cues.

* Sectoral trend was mixed. Metal and energy showed resilience while IT, realty and FMCG drifted lower.

* Indications are in favor of further consolidation in the index. Recent dip in the US markets is also weighing on the sentiment.

* Advisable to limit leveraged positions and wait for the resumption of the trend.

Banknifty

* Banking index underperformed the benchmark and ended marginally lower.

* Pressure in the private banking majors like Axis Bank, HDFC Bank kept the tone negative. However, recovery in Kotak Bank, ICICI Bank and Indusind Bank capped the damage.

* Failure to sustain above 45000 could led to further decline towards the crucial support zone of 44,450.

* Recommend keeping a check on aggressive longs. Accumulate on dips.

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