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NIFTY

* Nifty traded range-bound but managed to close marginally in the green, taking a breather after Tuesday’s decline.

* A mixed trend across sectors kept traders engaged, with metals and energy ending higher, while realty and financials closed in the red.

* The highlight of the session was the strength in the broader market, as both midcap and smallcap indices posted gains in the range of 0.7% to 0.8%.

* Additionally, focus should remain on a stock-specific trading approach, given the rotational buying observed across various themes.

BANK NIFTY

* The banking index traded dull and ended the session on a flat note.

* Mixed trend continued among the banking majors wherein Indusindbk and Canbk were top gainers whereas Axisbank and Sbin ended on losing side.

* As the consolidation continues in the index, the upcoming RBI policy meeting is likely to be a potential catalyst for fresh triggers.

* The immediate support is placed at 55200-55000 zone and nearby resistance at 56000-56200 levels.

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