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NIFTY

* Markets started the week on a positive note and posted modest gains in a dull session.

* Nifty oscillated in a narrow range till the end and finally settled at 25277 levels.

* Meanwhile, a mixed trend on the sectoral front kept the traders occupied wherein FMCG and financials performed well while metal and pharma closed in the red.

* Amid all, we suggest aligning trades according to the prevailing trend and looking for buying opportunities on dips.

BANKNIFTY

* Banking index traded range-bound and ended marginally higher, in continuation of prevailing trend.

* Most Private as well as PSU banking stocks posted gains whereas HDFCBANK closed in red.

* The index is gradually inching higher and substance above 51600 would open the way up for 51900-52000 zones.

* However, one should be maintain a “Buy on Dips” approach with immediate support now placed at 51000-50900 levels.

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