Markets have reclaimed their record high after consolidating for two weeks but we feel it is early to assume that we are set for the next leg of the up move. Nifty needs sustainability above 22,150 to march towards 22,500+. Besides, consistency in the participation from the banking majors is also critical for a steady uptrend else the range bound bias would resume. Ideally, traders should focus more on stock selection in such scenarios and maintain positions on both sides.
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