Nifty remained volatile for yet another session and ended marginally higher - Religare Broking Ltd
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NIFTY
* Nifty remained volatile for yet another session and ended marginally higher.
* Mixed trend continued on the sectoral front wherein pharma, realty and FMCG were among the top gainers.
* Eyeing 19,750 in Nifty as an immediate hurdle and its break may prompt further rebound.
* Scheduled monthly expiry of derivative contracts would keep the volatility high.
BANKNIFTY
* Banking index recoup its early losses and finally closed on a flat note.
* Mix trend was witnessed among banking participants. Wherein Axis Bank, Indusind Bank and Federal Bank were among top gainer.
* It rebounded from the anticipated support zone of 44200, which coincides with 100 DEMA.
* Expecting pullback move towards 45050, which coincides with its short term moving average.
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