Daily Trading Desk: Two trades for short term gains, a bank stock for 5% upmove and a capital good for 10% rise

It was yet another day of consolidation for the markets. As expected, the Nifty 50 stepped into the new with on a cautious note. The markets did see a stronger opening; however, they formed the day’s point in the first hour of the session. The Nifty then gradually gave up all the gains to slip briefly into a negative zone; a rebound that was seen was not sustained either. The headline index closed with a modest gain of 27.25 points