Nifty traded volatile on the monthly expiry day and ended marginally in the green- Religare Broking
Nifty
* Nifty traded volatile on the monthly expiry day and ended marginally in the green.
* Rollover of derivatives positions kept the traders busy wherein realty and pharma pack put up a good show.
* Rotational buying across sectors would keep the tone positive.
* We thus suggest utilizing an intermediate pause or a dip to add quality names.
Banking
* Banking index recouped its early losses and finally settled marginally lower.
* Mixed trend was witnessed among private banking major. Wherein Axisbank and Kotakbank capped the downside while ICICI Bank and Indusind bank closed lower.
* It has surpassed the crucial resistance of 41000 zone, sustainability above the same would propel further upmove towards 44800.
* Traders should continue with the stock-specific approach, with bias on the positive side.
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