IGI Logo

NIFTY

* Nifty started the week with modest gains, tracking firm global cues.

* Mixed trends on the sectoral front kept the traders busy. Auto, banking mainly private and realty posted decent gains.

* Maintain positive bias and continue with stock specific approach.

* Apart from the key sectors, one can selectively look at midcap and smallcap also.

BANK NIFTY

* Banking index traded in sync with the benchmark and ended marginally in the green.

* Among the banking pack, Axis Bank, ICICI Bank and IndusInd Bank were the top contributors.

* Momentum is missing but tone is still positive. Focus more on private banks for accumulation.

* Expect up move to continue in Axis Bank, ICICI Bank and IndusInd Bank.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer