Nifty traded volatile and ended marginally higher amid mixed cues - Religare Broking Ltd
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NIFTY
* Nifty traded volatile and ended marginally higher amid mixed cues.
* Mixed trend continued on the sectoral front. IT, auto and realty were the top performers.
* Consolidation may extend but tone positive. Maintain focus on stock selection and risk management.
* Performance of the global indices, especially the US, would remain in focus for cues.
BANK NIFTY
* Banking index also traded choppy and settled marginally lower.
* Mixed trend continued within the private banking space wherein ICICI Bank and Axis Bank held strong.
* The closing indications consolidation to continue. Limit aggressive trades.
* A decisive close above 48600 would pave the way for further up move.
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