Banking index traded in a range after opening on a positive note - Religare Broking
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Nifty
* It turned out to be a dull session as the benchmark ended unchanged after trading in a narrow band.
* Mixed trend continued on the sectoral front wherein realty, oil&gas and metal edged higher while pharma and IT closed in the red.
* It attempted to overcome the hurdle at 19850 but failed again due to divergence among the heavyweights.
* Traders should focus on sectors/themes that are attracting noticeable traction and avoid laggards.
Banknifty
* Banking index traded in a range after opening on a positive note, closing marginally higher.
* All private banking majors closed in green except Kotakbank. HDFC bank and Indusind bank were among the top contributors.
* Till 43,300 zone is protected in the index, expect it to inch higher towards 43,700- 44,000.
* Meanwhile, stay stock-specific but avoid aggressive longs.
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