Markets closed positive but overall a flat market. As expected banks rallied but most of the sectors remained very range bound with not much of activity. Nifty may test the levels 3135 and 3405 if the pull back continues. These levels are the retracement levels of the previous trend. For the pull back to sustain Nifty needs to sustain above 2970. Exit long positions if Nifty closes below 2900.