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Nifty

* Nifty witnessed fireworks at the beginning of the week and gained two percent, in continuation of the prevailing uptrend.

* All sectors participated in the move wherein banking majors contributed the maximum to the gains.

* Nifty may take a breather around the 20,750 zone.

* We recommend staying with the trend and utilizing a dip or consolidation as a buying opportunity

Banknifty

* Banking index witnessed a strong rally and closed at record highs gaining over three and half percent.

* All banking constituents ended in green. Wherein ICICI bank, HDFC bank and Kotak bank contributed the maximum.

* It has surpassed its previous hurdle of 46350 zone and trading at life high levels.

* Maintain buy on dips approach and advice to accumulate private banks on dips.

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