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NIFTY

* Nifty traded under pressure and lost over half a percent, in continuation to the prevailing corrective tone.

* Most sectors traded in sync and ended in the red wherein pharma, financials and FMCG were among the top losers.

* Indications are pointing towards the possibility of retesting 19,300 in Nifty again.

* Traders should align their positions accordingly and focus more on risk management.

BANK NIFTY

* Banking index slipped below the crucial support at 44500 and lost over half a percent.

* The pressure in the private banking majors like ICICI Bank, HDFC Bank and Indusind Bank was weighing on the sentiment.

* The next support is at 43850, which coincides with the support zone of 50 EMA.

* Trade in sync with the trend while keeping a check on position size.

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