Nifty traded volatile and settled marginally in the green amid mixed cues - Religare Broking
Nifty
* Nifty traded volatile and settled marginally in the green amid mixed cues.
* Mixed trends on the sectoral front kept the traders busy. Metal, energy and auto were among the top contributors.
* Continue with a positive bias while maintaining focus on stock selection.
* Apart from the key sectors, choose selectively from midcap and smallcap space as well.
Banknifty
* Banking index remained in a range for yet another session and ended flat.
* Decline in Kotak Bank, HDFC Bank and Axis Bank capped the upside while ICICI Bank and SBI closed in the green.
* Hovering in a narrow range around its record high. Close above 44000 would prompt fresh momentum.
* Seeing selective buying in the PSU space also. Stick with top names viz. SBIN, Bank of Baroda and Canara Bank
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Markets are digesting the recent gains however the tone is still positive - Religare Broking