Nifty consolidated in a range for yet another session and ended unchanged - Religare Broking
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Nifty
* Nifty consolidated in a range for yet another session and ended unchanged.
* Mixed trends on the sectoral front kept the traders busy wherein pharma, metal and banking ended in the green.
* A decisive gap-up move above 19,850 could pave the way for a new high else range bound bias would continue.
* Meanwhile, stay selective and avoid contrarian trades.
Banknifty
* Banking index outperformed the benchmark index for second straight session and gained nearly half a percent.
* Baring indusind bank, all other private banking major closed in green. HDFC bank, ICICI bank and Axis bank contributed the maximum.
* Now sustainability above intermediate hurdle of 43700 zone is crucial for further upmove towards 44100.
* Reiterate our view to follow stock-specific approach and focus more risk management.
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