Benchmark index is likely to trade volatile today. Index has support at 24100 - 24050 level - Monarch Networth Capital Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.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 yesterday before closing with 0.06% gain at 24302 level. Banking index performed in line with the benchmark index as it closed with 0.03% gain at 53104 level.
* India VIX closed with 2.65% cut at 12.85 level.
* Among Sectors NIFTYPHARMA index performed better than the benchmark index as it closed with 1.39% gain while NIFTYMEDIA index underperformed as it closed with 0.45% cut.
* Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.58% and 0.49% gains respectively.
* Advance/Decline ratio was in favour of declines 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) closed higher while US markets (DJIA) were shut due to holiday yesterday. Asian Markets are trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to trade volatile today. Index has support at 24100 - 24050 level and resistance at 24450 - 24500 level.
* Banking index is likely to trade in line with the benchmark index today with support at 52600 - 52400 level and resistance at 53400 - 53600 level.
* HCLTECH closed with bullish candlestick pattern and it is likely to trade with positive bias today
NIFTY (Daily) Chart
BANK NIFTY (Daily) Chart
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Canara Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tax_020224.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/dollar26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Asian share_3476.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Market is expected to open on a flattish note and likely to witness range bound move during ...
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _21.jpg)
Daily Market Commentary : Except Pharma, FMCG and Financials all sectors ended in red Says M...
![Opening Bell : Domestic indices to get flat-to-positive start; all eyes on RBI`s monetary policy decision](https://portfolio.investmentguruindia.com/uploads/news/1bcde39664783f8306abe5a32c98c0bb.jpg)
![Nifty Bank index extended its winning streak helped by buying in large private banks ahead - ICICI Direct](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![Nifty traded subdued and ended marginally lower, taking a breather after an eventful week - Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)