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NIFTY

* Nifty traded dull and ended marginally higher amid mixed cues.

* Mixed trend on the sectoral front kept the traders occupied wherein auto, energy and metal posted decent gains while banking and realty ended lower.

* Mixed global cues are currently weighing on the sentiment however the tone is still positive.

* We suggest continuing with a “buy on dips” approach, with a focus on stock selection and overnight risk management.

BANK NIFTY

* Banking index traded lackluster in the narrow range and finally settled marginally lower.

* Mixed trend continued among the banking participants. Wherein HDFC Bank, Fed bank and SBIN closed in green. While Kotak bank and ICICI bank remained subdued.

* Index taking a breather after recent surge, however, the overall tone remains positive.

* Thus, trader should continue with “buy on dips” approach and focus on stock selection and risk management.

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