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Nifty 

* Nifty took a breather after the recent surge and ended unchanged.

* Meanwhile, the decline was widespread on the sectoral front. Realty, metal and energy were among the top losers.

* A sharp cut was witnessed in the broader indices. Both midcap & smallcap lost in the range of 3%-4%.

* Expect consolidation in the index. Suggest preferring index majors over the midcap and smallcap.

Banknifty

* Banking index also closed flat in a volatile session, in line with the benchmark.

* Trend was mixed within the pack. Positivity in ICICI Bank, Kotak Bank and HDFC Bank capped the decline.

* Expect the index to hold 45100. Suggest accumulating quality stocks on dips.

* Among the private banking majors, prefer Axis Bank and ICICI Bank. And, limit trades in PSU pack.

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