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NIFTY

* Nifty hovered in a narrow range and finally concluded almost unchanged.

* Mixed trend on the sectoral front kept the traders occupied wherein auto posted decent gains while realty and IT were on the back foot.

* Markets will react to the global cues in response to the US Fed speech on Monday and we suggest continuing with positive bias until Nifty decisively breaks 24,500.

* Meanwhile, traders should limit aggressive positions and stay stock-specific.

BANKNIFTY

* Banking index traded dull and ended almost flat in sync with the frontline index.

* Among the banking majors, ICICIBANK and INDUSINDBK ended in green while all other participants underperformed and closed in red.

* While the index managed to stay above its 20 EMA amid a range bound trade, cues from global front will be closely watched for further direction.

* On the level front, 50700-50300 will act as intermediate support zones whereas on the upside 51350-51600 is where index is likely to face hurdles.

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