India VIX closed with 2.36% cut at 15.43 level. - Monarch Networth Capital Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
TECHNICAL OUTLOOK
* Benchmark index traded with volatile yesterday before closing with 0.45% gain at 21840 level. Banking index outperformed the benchmark index as it closed with 0.89% gain at 45908 level.
* India VIX closed with 2.36% cut at 15.43 level.
* Among Sectors NIFTYPSE index performed better than the benchmark index as it closed with 3.34% gain while NIFTYIT index underperformed as it closed with 1.12% cut.
* Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 1.04% and 1.61% 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) and US markets (DJIA) closed higher yesterday. Asian Markets trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to trade volatile on weekly expiry today. Index has support at 21750 - 21700 level and resistance at 22000 - 22050 level.
* Banking index is likely to trade in line with the benchmark index today with support at 45600 - 45400 level and resistance at 46300 - 46500 level.
* INDUSINDBK has closed with bullish candlestick and it is likely to trade with positive bias today.
NIFTY (Daily) Chart
BANK NIFTY (Daily) Charts
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
