IGI Logo

Nifty

* Nifty traded volatile on Friday but managed to end in the green amid mixed cues.

* Barring banking, all the key sectors closed in green wherein realty, IT and metal were among the top performers.

* We are seeing volatility across the sectors so traders should maintain extra caution in stock selection.

* it is prudent to stick with index majors over midcap and smallcap counters.

Banknifty

* Banking index witnessed profit taking and closed lower losing over half a percent.

* Baring Kotak bank all other banking major closed in red. Wherein HDFC bank, ICICI bank and SBIN capped the upside.

* The banking index has an immediate support around 47400 zone which coincides with short term moving average i.e. 10 DEMA.

* Focus on stock selection and prefer banking names which are showing higher relative strength.

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330