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NIFTY

* Markets remained volatile for yet another session and ended marginally lower, in continuation to the prevailing consolidation phase.

* Mixed trend on the sectoral front kept the traders occupied wherein IT and metal performed well while realty, energy and auto edged lower.

* Traders should prefer sectors/themes which are showing resilience and utilize this phase to gradually accumulate quality stocks.

BANKNIFTY

* Banking index traded sideways and ended on a flat note.

* Almost all the banking majors closed on a flattish note. While INDUSINDBK and KOTAKBANK ended In red and FEDERALBNK gained over a percent.

* The level of 51200-51100 will act as immediate support for the index for any fresh triggers towards 51850-51900 levels.

* However, it would be prudent to wait for clarity as index is maintaining its indecisive stance.

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