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NIFTY

* Nifty traded volatile after Monday’s slide and settled marginally lower amid mixed cues.

* Mixed trend on the sectoral front kept the traders occupied wherein realty, IT and metal edged higher while banking and auto settled lower.

* Nifty is trying to defend the short term moving average i.e. 50 DEMA however the tone is still negative.

* The cues from the global front are still mixed that may continue to results volatile swings

BANKNIFTY

* Banking index trimmed the early gains and ended with over half a percent loss.

* All the banking majors remained under pressure wherein HDFCBANK and SBIN were among the major contributors.

* The bias on index remains on a negative side amid volatile swings with the next immediate support placed at 49,100-48800 levels.

* Traders should limit positions and prefer hedged approach until we see some stability

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SEBI Registration number is INZ000174330