Banking index is likely to trade in line with the benchmark index today with support at 38500 - Monarch Networth Capital
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TECHNICAL OUTLOOK
* Benchmark index is likely to trade with mild negative bias today with support at 17600 - 17500 level and resistance at 17800 - 17900 level
* Banking index is likely to trade in line with the benchmark index today with support at 38500 - 38200 level and resistance at 39200 - 39500 level
* BALKRISIND has closed with bearish candlestick formation below 21 EMA and it is likely to continue its negative price action today as well.
NIFTY (Daily) Chart
Intraday Market Outlook
* Benchmark index is likely to trade with mild negative bias today with support at 17600 - 17500 level and resistance at 17800 - 17900 level
* Banking index is likely to trade in line with the benchmark index today with support at 38500 - 38200 level and resistance at 39200 - 39500 level
* BALKRISIND has closed with bearish candlestick formation below 21 EMA and it is likely to continue its negative price action today as well.
BANK NIFTY (Daily) Chart
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