Banknifty traded in line with the Nifty - Religare Broking
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Nifty
* Nifty traded volatile and ended marginally lower, in continuation to the prevailing corrective phase.
* Most sectoral indices closed in the red wherein realty, auto and FMCG lost the maximum.
* Weak global cues causing the choppiness and we expect the trend to continue.
* Restrict overnight leveraged positions and let the market stabilize.
Banknifty
* Banknifty traded in line with the Nifty and ended flat amid choppiness.
* It almost tested the major support around 42900 before seeing the rebound.
* Recovery in the select private banks played the crucial role.
* Sustainbility above 43,500 may result in further up move.
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