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NIFTY

* Nifty settled marginally higher in a volatile session, in continuation of the prevailing trend.

* Mixed trend on the sectoral front kept the traders busy. Realty, financials and auto posted decent gains.

* Expect some consolidation in Nifty, citing multiple hurdles around the 17,600-17,700 zone.

* Rotational buying across index majors would help in maintaining the positive tone.Stay stock-specific

BANKNIFTY

* The banking index also oscillated sharply in a range and ended almost unchanged.

* It retested trendline hurdle around 41300 zone but couldn’t surpass the same.

* Likely to consolidate in line with Nifty. Maintain “buy on dips” approach.

* Participation of the private banking majors like ICICI Bank, Axis Bank and Kotak Bank would be critical.

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