Nifty remained range-bound and ended marginally in the green - Religare Broking
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NIFTY
* Nifty remained range-bound and ended marginally in the green.
* A mixed trend on the sectoral front kept the traders busy wherein realty and pharma posted decent gains.
* Need a push to overcome the major hurdle at 19,500 and it could probably be from the global markets.
* Participants should continue with the stock-specific trading approach, with bias on the positive side.
BANKNIFTY
* The banking index traded lackluster in narrow range and finally settled marginally lower.
* Barring ICICI Bank and Kotak bank, all other private banking majors ended in green. Wherein HDFC bank and AU bank gained the most.
* It has an strong hurdle around 43800- 44100 zone which coincides with 100 DEMA and 38.2% retracement level
* Going ahead, sustainability above resistance zone 44100 zone would strengthen the tone.
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