Banking underperformed the benchmark and ended almost unchanged amid volatility - Religare Broking
Nifty
* Nifty traded dull but managed to end marginally in the green, thanks to firm global cues.
* Movement on the sectoral front kept the traders busy. IT and realty posted decent gains while banking and financials remained under pressure.
* Upcoming data and events would keep the volatility high.
* Reiterate our view to focus more on stock selection and risk management.
Banknifty
* Banking underperformed the benchmark and ended almost unchanged amid volatility.
* Decline in heavyweights, HDFC Bank and ICICI Bank, was weighing on sentiment.
* A decisive breakdown of 20 EMA support at 43,850 would further add to the pressure.
* Stay selective and prefer private banking counters for accumulation on dips.
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