Benchmark index traded volatile before closing with 0.02% gain at 19347 level - Monarch Networth Capital
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TECHNICAL OUTLOOK
* Benchmark index traded volatile before closing with 0.02% gain at 19347 level. Banking index lagged the benchmark index as it closed with 0.59% cut at 44232 level.
* India VIX closed with 3.48% cut at 11.80 level.
* Among Sectors REALTY index outperformed the benchmark index as it closed with 1.42% gain while FINNIFTY index underperformed as it closed with 0.50% cut.
* Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.55% and 0.83% gains respectively.
* Advance/Decline ratio was in favour of advances 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.
NIfty
Intraday Market Outlook
* Benchmark index is likely to trade volatile on monthly expiry today with support at 19250 - 19200 level and resistance at 19450 – 19500 level
* Banking index is likely to trade in line with the benchmark index today with support at 43900 - 43700 level and resistance at 44500 - 44700 level.
* MARUTI has closed with bullish candlestick and it is likely to trade with positive bias today as well.
Bank Nifty
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