The banking index traded volatile within a range and eventually ended on a flat note - Religare Broking Ltd
NIFTY
* Markets traded range bound for yet another session and lost nearly half a percent, in continuation to the prevailing consolidation phase.
* Meanwhile, a mixed trend on the sectoral front kept the traders occupied wherein FMCG closed in the green while IT and realty traded under pressure.
* Markets are eyeing for fresh trigger before the next directional move while uncertainty amid tariff talks is capping the upside.
* Meanwhile, we suggest continuing with stock-specific trading approach and wait for clarity.
BANK NIFTY
* The banking index traded volatile within a range and eventually ended on a flat note.
* Mixed trend was witnessed among the banking majors wherein private counters like Kotakbank, Icicibank, Axisbank closed higher.
* As the ongoing consolidation phase continues, we recommend maintaining a cautious stance until the index decisively surpasses the 52000 mark.
* Meanwhile, focus on banking leaders that are exhibiting strength and utilize dips to accumulate position
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