Nifty remained volatile for yet another session and ended marginally higher - Religare Broking Ltd
NIFTY
* Nifty remained volatile for yet another session and ended marginally higher.
* Mixed trend on the sectoral front kept the traders occupied wherein metal and energy posted decent gains while auto and IT were on the back foot.
* We are seeing rotational buying across heavyweights, which is helping the index to hold strong amid consolidation.
* Stay focused on stock selection and maintain a positive bias until the Nifty breaks 19,200.
BANKNIFTY
* Banking index traded with positive bias and closed marginally higher insync with benchmark index.
* Barring Indusind bank, all other private banking major closed in green. Wherein HDFC Bank, Axis Bank and ICICI Bank contributed the maximum.
* Sustainability above intermediate hurdle of 43850 is crucial for further upmove towards 44100.
* Restrict aggressive positions and focus more on risk management.
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