India VIX closed with 1.77% cut at 15.50 level - Monarch Networth Capital Ltd
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TECHNICAL OUTLOOK
* Benchmark index traded volatile yesterday before closing with 0.01% gain at 21930 level. Banking index performed slightly better than the benchmark index as it closed with 0.28% gain at 45818 level.
* India VIX closed with 1.77% cut at 15.50 level.
* Among Sectors NIFTYPSUBANK index performed better than the benchmark index as it closed with 2.86% gain while NIFTYIT index underperformed as it closed with 1.25% cut.
* Broader market performed slightly better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.75% and 0.71% gains respectively.
* 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) closed lower while US markets (DJIA) closed higher yesterday. Asian Markets are largely trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to trade volatile on weekly expiry today. Index has support at 21800 - 21750 level and resistance at 22050 – 22100 level.
* Banking index is likely to trade in line with the benchmark index today with support at 45500 - 45300 level and resistance at 46200 - 46400 level.
* ASIANPAINTS 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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