Benchmark index traded volatile before closing with 0.32% gain at 19632 level - Monarch Networth Capital
TECHNICAL OUTLOOK
* Benchmark index traded volatile before closing with 0.32% gain at 19632 level. Banking index lagged the benchmark index as it closed with 0.19% cut at 44880 level.
* India VIX closed with 1.63% cut at 11.14 level.
* Among Sectors MEDIA index outperformed the benchmark index as it closed with 2.10% gain while REALTY index underperformed as it closed with 1.24% cut.
* Broader market traded in line with the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.39% and 0.57% gains respectively.
* Advance/Decline ratio was in favour of advances and cash turnover was lower than 5-day average. FII were net buyers while DII were net sellers in the cash segment.
* European markets (DAX) closed higher while US markets (DJIA) closed lower yesterday. Asian Markets are trading mixed today.
Intraday Market Outlook
? Benchmark index is likely to trade volatile on weekly expiry today with support at 19500 - 19450 level and resistance at 19700 – 19750 level
? Banking index is likely to trade in line with the benchmark index today with support at 44500 - 44300 level and resistance at 45200 - 45400 level.
? ITC has closed with bullish candlestick and it is likely to trade with positive bias today as well.
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