Sectors like energy, IT and metal are now trying to catch up with the other key sectors, adding to positivity - Religare Broking
Nifty
* Nifty started the week on a firm note and settled with a gain of nearly half a percent.
* Metal, energy and IT posted strong gains while defensive viz. pharma and FMCG traded dull.
* Sectors like energy, IT and metal are now trying to catch up with the other key sectors, adding to positivity.
* Expect some consolidation now but tone is likely to remain positive. Eyeing 18,350 levels.
Bank nifty
* Bank nifty traded in a narrow range and ended marginally higher, in continuation to the trend.
* Among the constituents, ICICI Bank, Axis Bank and IDFC First Bank ended higher while Sbi and Kotak Bank traded subdued.
* Consolidation likely in line with the benchmark. Hurdle around 43500-43600 zone.
* Maintain focus on accumulating performing counters on dips.
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