Nifty
The Nifty traded in a narrow and tight band amid high volatility and with stock specific action. Towards the end, it closed 16 points lower. Nifty futures settled at a premium of 27 points. India VIX rose 1.7 percent and ended at 13.9.
Nifty Bank
The Nifty Bank index continued to remain resilient above the high Put base of 20500. Going ahead, considering the ongoing profit booking trend in select stocks, decline towards 20500 should be used as buying opportunity.
Nifty Future
The Nifty is likely to open flat on the back of weak global cues. Sell Nifty in the range of 8980-8990 for targets of 8930-8910, stop loss: 9010.
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