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Below Quote On "Market Sentiments Quote" By Sneha Seth, Derivatives Research Analyst, Angel One Ltd

We had a dull start for the day, but fresh buying was observed in the early morning trade to reclaim 45400. In absence of follow-up buying, the banking index consolidated for the remaining part of the day which was very much likely after a smart run seen in previous four trading sessions. Eventually, we settled the day in red tad below 45200.

Technically speaking, we haven’t seen any major price action in today's trading session as the index kept hovering in the range of 200 points barring the initial move. As mentioned in the previous commentary the low hanging fruit is already gone and going ahead it won't be a smooth ride, hence it’s advisable to take some money off the table at higher levels and should also avoid aggressive bets for a while. Levels wise, 44800-45000 remains a cushion now and on the higher side 45500-45750-46000 should be treated as immediate hurdles.

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