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NIFTY

* Nifty remained volatile but managed to close slightly in the green amid mixed signals.

* Sector-wise, a mixed trend kept traders cautious—realty, financials, and metals posted gains, while banking and IT ended in the red.

* On the technical front, a decisive breakout from the 22,250-22,650 range could set the next directional move for Nifty; otherwise, the sideways trend may persist.

* In the current environment, we maintain our view of selective stock-picking while managing positions on both sides.

BANK NIFTY

* Following a gap-down start, the index struggled to recover its losses and eventually ended lower.

* While mixed trend was seen among other banking majors, Indusindbk plunged 27%, after the bank reported discrepancies in its derivative portfolio.

* The banking index is near its crucial support of 100 WEMA i.e. around 47500 and its break would further deteriorate the situation.

* Traders are advised to maintain cautious approach in current scenario.

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