Asian Markets are trading mixed today - Monarch Networth Capital Ltd
TECHNICAL OUTLOOK
* Benchmark index traded volatile on Tuesday before closing with 0.17% cut at 22605 level. Banking index performed in line with the benchmark index as it closed with 0.06% cut at 49397 level.
* India VIX closed with 5.19% gain at 12.87 level.
* Among Sectors NIFTYAUTO index performed better than the benchmark index as it closed with 1.82% gain while NIFTYIT index underperformed as it closed with 1.13% cut
* Broader market performed in line with the benchmark index as MIDCAP closed with 0.07% gain while SMALLCAP index closed with 0.04% cut.
* Advance/Decline ratio was in favour of declines and cash turnover was higher than 5-day average. Both FII and 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.
Intraday Market Outlook
* Benchmark index is likely to trade volatile on weekly expiry today. Index has support at 22500 - 22450 level and resistance at 22750 - 22800 level.
* Banking index is likely to trade in line with the benchmark index today with support at 49000 - 48800 level and resistance at 49800 - 50000 level.
* ASIANPAINT has closed with bullish candlestick and it is likely to trade with positive bias today.
NIFTY (Daily) Chart
BANK NIFTY (Daily) Charts
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