Benchmark index is likely to open higher on the back of supportive global cues and trade with positive bias today - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/9d095417a31b5aaf6c54dbe4cb065d64.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 trade volatile before closing with 0.75% gain at 18758 level. Banking index lagged the benchmark index as it closed with 0.41% gain at 43231 level.
* India VIX closed with 1.41% gain at 13.80 level.
* Among Sectors, METAL index outperformed the benchmark index as it closed with 1.81% gain while PSUBANK underperformed the benchmark index as it closed with 1.35% cut. Broader market traded in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 1.06% and 0.61% gains respectively.
* 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 higher yesterday. Asian Markets are following suit and largely trading higher today.
Intraday Market Outlook
* Benchmark index is likely to open higher on the back of supportive global cues and trade with positive bias today. Index has support at 18700 - 18650 level and resistance at 18900 – 19000 level
* Banking index is likely to trade in line with benchmark index today with support at 43000 - 42800 level and resistance at 43600 - 43900 level.
* BSOFT has closed above 21day EMA with bullish candlestick 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/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)
![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)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Weekly Market Analysis : Markets ended a 4-week-long gaining streak and lost over 2% Says Mr...
![Nifty traded volatile for yet another session and gained nearly half a percent - Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![Market is expected to open on a flattish note and likely to witness range bound move during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com//uploads/news/Nirmal bang.jpg)
![Nifty continued its upward journey on the back of positive global cues - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/0056db90f5e9303490d2cc2cffdc3f10.jpg)