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NIFTY

* Nifty took a breather after the recent surge and ended marginally higher.

* Mixed trend on the sectoral front kept the traders occupied wherein metal, realty and pharma posted decent gains while IT and auto closed subdued.

* We may see further consolidation within the 22,300-22,500 zone in Nifty.

* Traders should maintain focus on sectors/themes that are showing consistency in the trend like metal, auto and defense etc and accumulate them on dips.

BANK NIFTY

* Banking index remained subdued in the tight range after initial uptick and closed the day with decent gains.

* Almost all private banking majors ended in green. Wherein Kotakbank and ICICI Bank contributed the maximum.

* It has closed above the 61.8% retracement levels of its prior decline indicates positive bias.

* Going ahead, sustenance above 46200 would open the way for 46500 and 46700 zones.

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