Buying in select index majors keeping the tone positive but hurdle intact at 17900 in Nifty - Religare Broking
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Nifty
* Nifty traded volatile and ended marginally in the green amid mixed cues
* Mixed trend was witnessed on sectoral front. IT and financials ended higher and metal, realty and auto traded under pressure.
* Buying in select index majors keeping the tone positive but hurdle intact at 17900 in Nifty.
* Meanwhile, limit positions to the sectors which are attracting buying interest on every dip.
Banknifty
* Banking index traded in line with the benchmark and ended almost unchanged.
* Muted performance on the private banking counters capped the move.
* Recovery in banking majors like ICICI Bank, Axis Bank would be critical along with the continuous rise in the HDFC Bank to regain strength.
* On the index front, a decisive close above 41900 would further strengthen the recovery else sideways move would continue.
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