Markets traded volatile for yet another session and ended almost unchanged amid mixed cues - Religare Broking Ltd
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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