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Nifty

* Nifty traded volatile in a narrow range and ended almost unchanged.

* Most sectoral indices traded in line with the benchmark however rebound in banking and metal majors capped the damage.

* Expect volatility to remain high amid the corrective bias. Continue with stock-specific trading approach.

* Among the sectoral pack, metal looks strongest while others are offering mixed indication.

Banknifty

* Banking index took a pause after the recent fall and settled with a gain of over half a percent.

* The recovery was widespread wherein the PSU pack outshined the private pack.

* Participants shouldn’t read much into a single day rebound and limit positions.

* 42700-42900 zone holds strong hurdle. Plan trades accordingly.

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