India VIX closed with 1.49% cut at 13.26 level.l - Monarch Networth Capital
TECHNICAL OUTLOOK
* Benchmark index traded volatile yesterday before closing with 0.15% gain at 21544 level. Banking index underperformed the benchmark index as it closed with 0.44% cut at 47242 level.
* India VIX closed with 1.49% cut at 13.26 level.
* Among Sectors NIFTYREALTY index performed better than the benchmark index as it closed with 2.52% gain while NIFTYMEDIA index underperformed as it closed with 2.52% cut.
* MIDCAP index performed in line with the benchmark index as it closed with 0.07% gain however, SMALLCAP index performed better with 0.37% gain.
* Advance/Decline ratio was in favour of advances and cash turnover was lower than 5-day average. FII were net sellers while DII were net buyers in the cash segment.
* European markets (DAX) and US markets (DJIA) closed lower yesterday. Asian Markets are trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to open lower and trade volatile today. Index has support at 21450 - 21400 level and resistance at 21650 – 21700 level.
* Banking index is likely to trade in line with benchmark index today with support at 46900 - 46700 level and resistance at 47500 - 47700 level.
* HEROMOTOCO 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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