Nifty ended almost flat on June 1 after hitting an all-time high as traders booked some profit in IT, pharma and metal counters.

On the derivatives front, Call writers were seen adding open interest at 15,600 and 15,700 strikes while Put writers hold the highest open interest concentration at 15,400 strike.

On the technical front, the higher highs and higher bottom formation on charts suggest the continuation of an uptrend in the coming sessions as well.

At the current juncture, we can expect stock-specific action rather than any sharp upside in the index.

The banking index may be on a volatile path from hereon as tug of war among bulls and bears can keep the markets shaky.