Banknifty extended the prevailing bullish tone and gained over half a percent - Religare Broking
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Nifty
* Nifty ended the week on a strong note and gained nearly a percent.
* All sectors contributed to the move wherein energy, IT and auto were among the top performers.
* Continued recovery in other key sectors like energy and IT pack would be critical to maintain the momentum.
* Maintain bullish view and focus on accumulating quality stocks on dips.
Banknifty
* Banknifty extended the prevailing bullish tone and gained over half a percent.
* All constituents, barring Axis Bank, participated in the move wherein SBIN, Kotak Bank, HDFC Bank and ICICI Bank were the top contributors.
* Surpassed the hurdle at 43,100. Can gradually inch towards 43,600.
* In case of any dip, 42600-42800 zone would provide the needed cushion.
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