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Nifty

* Nifty started the week on a strong note and gained over a percent.

* Most of the sectoral indices participated in the recovery wherein realty, banking, metal and energy packs posted decent gains

* Immediate hurdle around 18,150-18,200 zone. Refrain from aggressive positions.

* Upcoming derivatives expiry would keep the participants busy.

Banknifty

* Banking index has outperformed the benchmark index and gained over two percent.

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

* A decisive up move above 42,900 could further fuel the recovery.

* Reiterate our preference for private banking counters.

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