Benchmark index traded on a positive note before closing with 0.72% gain at 17825 level - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/196acb4c4dcfabc1bd1baab9ee4858cf.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 positive note before closing with 0.72% gain at 17825 level. Banking index slightly underperformed the benchmark index as it closed with 0.51% gain at 39240 level
* India VIX closed with 0.45% gain at 17.69 level
* Among Sectors, AUTO and REALTY index outperformed the benchmark index as they closed with 2.52% and 1.97% gains while PSUBANK and MEDIA index were the laggards as they closed with 0.37% and 0.30% cut respectively. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 1.45% and 0.95% gain
* 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 with gains yesterday. Asian Markets are largely trading higher today.
NIFTY (Daily) Chart
Intraday Market Outlook
* Benchmark index is likely to trade rangebound today with support at 17700 - 17600 level and resistance at 17950 - 18000 level
* Banking index is likely to trade in line with the benchmark index today with support at 39000 - 38700 level and resistance at 39500 - 39800 level
* DLF has closed with bullish candlestick formation above 21 EMA and it is likely to continue its positive momentum 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/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.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/2021/11/4c47f230bd56fbbcf9863e310e11c1b0.jpg)
Nifty has slipped below its 100-DMA where overall texture is weak - Swastika Investmart
![The index to oscillate within the intermediate range of 16040-15630 which is also a part of its broad range as indicated by the pitchfork tool - Tradebulls](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/72e25156184ebe21f9789a4f9b9f26eb.jpg)
![Market Wrap Up : Weekly expiry ends quietly, US markets a bit obscure Mr. Sameet Chavan, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/d01eb51837c0193dd3c0ec5a03653699.jpg)
![Quote on Today`s Market Performance 9 February 2021 by Mr. Deepak Jasani, HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/ab3fce34313444a53e1f9321114bac7c.jpg)