Benchmark index is likely to open gap down and trade volatile today - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/05/4bee5f00a95246ee377b700f9a803376.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
TECHNICAL OUTLOOK
Benchmark index traded on a negative note as it closed with 1.63% cut at 16411 level. Banking index lagged the benchmark index as it closed with 1.82% cut at 34591 level India VIX closed with 4.73% gain at 21.25 level
Among Sectors, ENERGY index outperformed the benchmark index as it closed with 0.19% gains while REALTY and IT index were the laggards as they closed with 3.56% and 2.27% cut. Broader market underperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 1.79% and 2.53% cut respectively
Advance/Decline ratio was in favour of declines and cash turnover was higher than 5-day average. FII were net sellers while DII were net buyers in the cash segment
European markets (DAX) and US markets (DJIA) closed lower on Friday. Asian Markets are following suit and trading lower today
NIFTY (Daily) Chart
Intraday Market Outlook
Benchmark index is likely to open gap down and trade volatile today. Index has support at 16200 - 16100 level and resistance at 16500 - 16600 level.
Banking index is likely to trade in line with the benchmark index today with support at 34000 - 33600 level and resistance at 34700 - 35000 level.
DEEPAKNTR has given fresh breakdown from consolidation and closed with bearish candlestick formation. Stock is trading below 21 EMA and it is likely to continue its negative price action today as well.
BANK NIFTY (Daily) Chart
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
![](https://portfolio.investmentguruindia.com/uploads/news/ChemicalS030124.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Foodgrain 30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Hindustan Petroleum Corporation Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DigitalData26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/KPI Green Energy.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/44be56c383feff149e85899c14f6808f.jpg)
Benchmark index is likely to trade volatile today with support at 18150 - Monarch Networth C...
![Daily market commentary 28 April 2022 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/93711526d0f0e78774fa766687a46c49.jpg)
![Nifty has an immediate support placed at 19300 and on a decisive close below expect a fall to 19200-19130 levels - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/fa9408d2b943524fea521d4721fdfbb1.jpg)
![Firm trade prevails; Sensex surpasses 57,800 mark](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/824825e8d60317948b809e9e75fee4d5.jpg)