Benchmark index traded volatile before closing with 0.42% cut at 17393 level - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/802d054b424949c50d02c77bcd9ad5ca.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 0.42% cut at 17393 level. Banking index outperformed the benchmark index as it closed with 1.00% gain at 40307 level.
* India VIX closed with 2.19% cut at 13.87 level.
* Among Sectors REALTY index outperformed the benchmark index as it closed with 2.18% gain while MEDIA index underperformed the benchmark index as it closed with 3.89% cut. Broader market lagged the benchmark index as both MIDCAP and SAMLLCAP index closed with 0.69% and 1.28% cut respectively.
* Advance/Decline ratio was in favour of declines and cash turnover was lower 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 higher yesterday. Asian Markets are largely trading higher today.
Intraday Market Outlook
* Benchmark index is likely to trade rangebound today with support at 17300 - 17250 level and resistance at 17500 – 17550 level.
* Banking index is likely to trade with mild positive bias today with support at 40000 - 39800 level and resistance at 40800 - 41000 level.
* ICICIBANK has closed above 21EMA with bullish candlestick and it is likely to trade with positive bias 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/Funding.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Myntra_trent.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FPI_09.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_87.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Krishna Appala.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Alchemy Capital Management.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/broker_1.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)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.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)