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NIFTY

* The markets traded subdued and ended the day nearly unchanged, continuing the ongoing gradual uptrend.

* The active participation of major banking stocks, while other key sectors like energy, metal, and realty lagged slightly.

* We anticipate further consolidation in the Nifty, given the mixed signals from key sectors, but the overall bias remains positive

* We recommend maintaining a “Buy on Dips” strategy, with a focus on stock selection.

BANKNIFTY

* Banking index outperformed the benchmark index and closed with half a percent gain.

* Private banking stocks outperformed the PSU banking stocks helping index to close near the day’s high.

* The index is gradually inching higher on expected lines. A continuation of buying interest in banking majors will help the index for a sustainable up move.

* Thus we believe bullish tone to continue as long as index holds 51000-50900 levels.

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