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NIFTY

* Markets traded volatile for yet another session and ended almost unchanged amid mixed cues

* On sectoral front IT, pharma posted decent gains while realty and banking were on the back foot

* Indications are in favor of further consolidation in the index however the bias is likely to remain on the positive side

* Traders should maintain their focus on stock selection.

BANKNIFTY

* Banking index traded lackluster and ended with marginal cut on its monthly expiry day.

* Barring INDUSINDBK, all other banking majors ended in red wherein AXISBANK and SBIN lost nearly a percent.

* The indecisiveness in the index is expected to continue where it may face hurdle around 51400-51600 levels while on downside 50900-50700 levels may act as cushion.

* Thus, traders are advised to align their positions accordingly and avoid aggressive trades as of now.

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