Nifty took a breather after four days of advance and ended marginally lower - Religare Broking Ltd
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NIFTY
* Nifty took a breather after four days of advance and ended marginally lower.
* The profit taking in the IT, realty and energy majors were weighing on the sentiment while metal and FMCG showed resilience
* Indications are in favor of further consolidation in the index and expect Nifty to hold the 21,750-21,900 zone.
* Traders should maintain extra caution in stock selection now citing volatility due to earnings.
BANKNIFTY
* Banking index remained volatile and finally closed marginally lower.
* Baring HDFC bank also other private banking closed lower. Wherein Indusin bank and Federal bank lost the most.
* To continue its upward momentum, banking index need to surpass the hurdle 48400 zone.
* Traders must focus on stock selection and risk management.
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