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Nifty

* Nifty started the week on a flat note, after hovering volatile in a range.

* Energy, Auto and IT were in the limelight while banking and Financials traded subdued.

* Expect a consolidation with a positive tone. Continue with “buy on dips”.

* Global cues along with earnings will remain in focus. Focus on overnight risk management.

Banknifty

* Banking index traded on a subdued note and shed over half a percent in a volatile trading session.

* Dip in the private banking space kept the tone negative followed by PSU banks.

* Likely to witness some consolidation at the current levels.

* We recommend staying selective while keeping a check on the position size.

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