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NIFTY

* Nifty remained range bound for the third day in a row and ended marginally lower.

* A mixed trend continued on the sectoral front wherein realty and auto posted decent gains while FMCG and oil&gas ended in the red.

* Needs a decisive break above 19,200- 19,500 zone for the next move.

* Focus on identifying the sectors that are performing well and utilize intermediate dips to add quality stocks.

BANKNIFTY

* Banking index continued to trade sideways for fourth consecutive session and finally settled marginally higher.

* Mix trend was witnessed among the banking majors, wherein Indusindbk, AU Bank and ICICI bank closed on a positive note while SBI and HDFC Bank remained subdued.

* It has an intermediate hurdle around 43900 which coincides with its medium term moving average i.e. 100 DEMA.

* Focus on stock selection and position management until clarity over the next directional move emerges.

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