India VIX closed with 3.20% gain at 13.45 level - Monarch Networth Capital Ltd
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TECHNICAL OUTLOOK
* Benchmark index traded volatile on Friday before closing with 0.69% gain at 22147 level. Banking index outperformed the benchmark index as it closed with 1.07% gain at 47574 level.
* India VIX closed with 3.20% gain at 13.45 level.
* Among Sectors FINNIFTY index performed better than the benchmark index as it closed with 1.31% gain and NIFTYMEDIA index underperformed as it closed with 1.02% cut.
* Broader market underperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.61% and 0.10% cut respectively.
* Advance/Decline ratio was in favour of advances and cash turnover was lower than 5-day average. FII were net buyers while DII were net sellers in the cash segment.
* European markets (DAX) closed lower while US markets (DJIA) closed higher on Friday. Asian Markets are trading higher today.
Intraday Market Outlook
* Benchmark index is likely to trade with positive bias today. Index has support at 22050 - 22000 level and resistance at 22350 - 22400 level.
* Banking index is likely to trade in line with the benchmark index today with support at 47300 - 47100 level and resistance at 48000 - 48200 level.
* ITC 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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