Benchmark index is likely to trade volatile today with support at 17450 - 17350 - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/cbef06ef9f3a16aef81d0725306a840d.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 volatile before closing with 1.22% cut at 17543 level. Banking index performed better than the benchmark index as it closed with 0.60% cut at 39301 level
* India VIX closed with 6.26% gain at 19.87 level
* Among Sectors, REALTY and PSUBANK index outperformed the benchmark index as they closed with 1.08% and 0.71% gains while IT and ENERGY index lagged as they closed with 1.98% and 1.92% cut. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.11% and 0.12% gains 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) closed lower while US markets (DJIA) closed higher yesterday. Asian Markets are trading mixed today
Intraday Market Outlook
* Benchmark index is likely to trade volatile today with support at 17450 - 17350 level and resistance at 17700 - 17800 level
* Banking index is likely to trade in line with the benchmark index today with support at 39000 - 38700 level and resistance at 39700 - 40000 level
* NAVINFLUOR has closed with bullish candlestick formation above 21 EMA and it is likely to continue its positive momentum 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
![](https://portfolio.investmentguruindia.com/uploads/news/Gold Jewellery.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mutual Fund 21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Utkarsh Small Finance Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate sector_856.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Home Finance_12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coocker57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IDBI Bank 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/UPI Auto Pay.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Rupee_040124.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/apple57.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/2023/08/bf45f03cb4b6aaeb01f2f5d018a65922.png)
The Bank Nifty initiated the day on a robust note with prices opening above Friday`s high - ...
![Banknifty has also slipped below its important support of 37000 however - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/b35c6ab3f6982cff2b87c6fa5c272ffd.jpg)
![Market is expected to open on a flattish note and likely to witness sideways move during the day - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/bded245220351135b469131088c10157.jpg)
![Market is expected to open on flattish note and likely to witness positive move during the day - Nirmal Bang](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/22d419c56990d43fe2332a5b0ec7562b.jpg)