India VIX closed with 0.50% gain at 13.69 level -- Monarch Networth Capitals
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TECHNICAL OUTLOOK
* Benchmark index traded with negative bias on Friday before closing with 0.56% cut at 22023 level. Banking index performed in line with the benchmark index as it closed with 0.42% cut at 46594 level.
* India VIX closed with 0.50% gain at 13.69 level.
Among Sectors NIFTYMNC index performed better than the benchmark index as it closed with 0.49% gain while NIFTYPSE index underperformed as it closed with 2.47% cut.
* Broader market performed mixed as MIDCAP index closed with 0.46% cut while SMALLCAP index closed with 0.39% gains.
* 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) and US markets (DJIA) closed lower on Friday. Asian Markets are largely trading higher today.
Intraday Market Outlook
* Benchmark index is likely to trade range bound today with support at 21900 - 21850 level and resistance at 22150 - 22200 level.
* Banking index is likely to trade in line with the benchmark index today with support at 46300 - 46100 level and resistance at 46900 - 47100 level.
* HDFCLIFE has closed with bullish candlestick and it is likely to trade with positive bias today.
NIFTY (Daily) Chart
BANK NIFTY (Daily) Chart
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