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NIFTY

* Nifty traded with heightened volatility on Wednesday and ended marginally lower amid mixed cues.

* After a firm start, the Nifty extended its gains during the first half of the session; however, a sharp decline in heavyweight stocks across sectors erased all the gains and dragged the index lower.

* Technically, the Nifty continues to face selling pressure on every rise despite the recent strength in the banking pack.

* In this environment, traders should align their positions accordingly, preferring pharma, healthcare, and banking stocks on the long side, while maintaining selective short positions in weaker pockets as a hedge against overnight risk.

Banknifty

* Nifty traded with heightened volatility on Wednesday and ended marginally lower amid mixed cues.

* After a firm start, the Nifty extended its gains during the first half of the session; however, a sharp decline in heavyweight stocks across sectors erased all the gains and dragged the index lower.

* Technically, the Nifty continues to face selling pressure on every rise despite the recent strength in the banking pack.

* In this environment, traders should align their positions accordingly, preferring pharma, healthcare, and banking stocks on the long side, while maintaining selective short positions in weaker pockets as a hedge against overnight risk.

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