IGI Logo

TECHNICAL OUTLOOK

* Benchmark index traded with positive bias on June expiry day as it closed with 0.82% gain at 18972 level. Banking index performed in line with the benchmark index as it closed with 0.47% gain at 44328 level.

* India VIX closed with 1.02% gain at 10.88 level.

* Among Sectors PHARMA index outperformed the benchmark index as it closed with 1.46% gain while MEDIA index underperformed as it closed with 0.67% cut.

* Broader market lagged the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.73% and 0.08% gains 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) closed lower while US markets (DJIA) closed higher yesterday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to open higher and trade with positive bias today. Index has support at 18900 - 18850 level and resistance at 19100 – 19150 level

* Banking index is likely to trade in line with the benchmark index today with support at 44100 - 43900 level and resistance at 44700 - 45000 level.

* RELIANCE has closed above 21EMA with bullish candlestick and it is likely to trade with positive bias today as well.

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer