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NIFTY

Benchmark index traded with positive bias as it closed with 1.27% gain at 18012 level. Banking index lagged the benchmark index as it closed with 0.77% gain at 41308 level

India VIX closed with 0.75% cut at 15.80 level.

Among Sectors, Auto index outperformed the benchmark index as it closed with 1.45% gain while METAL and MEDIA index underperformed the benchmark index as they closed with 0.22% and 0.33% gains respectively. Broader market traded in line with benchmark index as both MIDCAP index and SMALLCAP closed with 1.38% and 0.13% gains respectively

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

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

NIFTY

Intraday Market Outlook

Benchmark index is likely to trade with positive bias today with support at 18000 - 17900 level and resistance at 18200 - 18300 level

Banking index is likely to trade in line with benchmark index today with support at 41300 - 41000 level and resistance at 41800 - 42000 level.

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

BANK NIFTY

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