Banking index remained volatile throughout the session and finally settled marginally higher - Religare Broking Ltd
NIFTY
* Nifty started the week on a muted note and ended unchanged, taking a breather after the recent slide.
* Mixed trends on the sectoral front, wherein realty and financials edged higher, while IT and pharma ended in the red.
* The upside seems capped citing a strong hurdle around the 19800-19900 zone.
* Stay stock-specific and focus more on risk management.
* We reiterate our view to stay stock-specific and focus more on risk management.
BANKNIFTY
* Banking index remained volatile throughout the session and finally settled marginally higher.
* SBI and Indusind Bank remained subdued. While Kotak Bank, ICICI Bank and HDFC Bank contributed the maximum.
* Resistance is seen at 45050 zone, which coincides with its short term average i.e. 20 EMA.
* Trade in sync with the trend while keeping a check on position size.
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