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MARKET OVERVIEW

Benchmark index traded volatile on monthly expiry before closing with 0.46% gain at 17737 level. Banking index traded in line with the benchmark index as it closed with 0.43% gain at 41299 level.

India VIX closed with 1.67% cut at 16.59 level.

Among Sectors, REALTY index outperformed the benchmark index as it closed with 2.96% gain while IT index underperformed the benchmark index as it closed with 0.52% cut. Broader market traded in line with benchmark index as both MIDCAP index and SMALLCAP closed with 0.44% and 0.41% gain respectively.

Advance/Decline ratio was in favour of advances and cash turnover was higher than 5-day average. FII were net buyers while DII were net sellers in the cash segment

European markets (DAX) and US markets (DJIA) closed higher yesterday. However, Asian Markets are trading mixed today.

NIFTY (Daily) Chart

Intraday Market Outlook

Benchmark index is likely to trade with mild positive bias today with support at 17600 - 17500 level and resistance at 17900 - 18000 leve

Banking index is likely to trade in line with benchmark index today with support at 41000 - 40800 level and resistance at 41700 - 42000 level.

DLF has closed above 21EMA with bullish candlestick formation and is likely to continue its positive momentum today as well.

BANK NIFTY (Daily) Chart

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