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NIFTY

* Nifty traded lackluster for yet another session and lost over half a percent.

* Mixed trend on sectoral front kept the traders busy wherein buying in FMCG majors capped downside.

* Weak global cues are weighing on sentiment. Focus on trade management.

* We expect Nifty to hold 18300-18400 zone. Prefer sectors which are showing resilience.

BANKNIFTY

* BankNifty remained range bound and ended almost unchanged.

* It has been hovering within 42900- 43400 band.

* Need a decisive break above 43400 for resumption of trend.

* Meanwhile, we recommend staying selective and prefer private banks.

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