India VIX closed with 3.83% gain at 11.53 level - Monarch Networth Capital Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
TECHNICAL OUTLOOK
* Benchmark index traded with negative bias on Friday as it closed with 1.03% cut at 22519 level. Banking index performed in line with the benchmark index as it closed with 0.86% cut at 48564 level.
* India VIX closed with 3.83% gain at 11.53 level.
* Among Sectors NIFTYMETAL index performed better than the benchmark index as it closed with 0.54% cut and NIFTYPHARMA index underperformed as it closed with 1.72% cut.
* Broader market performed slightly better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.62% and 0.45% cut respectively.
* Advance/Decline ratio was in favour of declines and cash turnover was higher 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 on Friday. Asian Markets are trading lower today.
Intraday Market Outlook
* Benchmark index is likely to open lower on unfavourable global cues and trade volatile today. Index has support at 22350 - 22300 level and resistance at 22650 - 22700 level.
* Banking index is likely to trade in line with the benchmark index today with support at 48200 - 48000 level and resistance at 48700 - 48900 level.
* MCDOWELL-N has closed above resistance level with price & volume breakout and it is likely to trade with positive bias today.
NIFTY (Daily) Chart
BANK NIFTY (Daily) Chart
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DigitalData26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/KPI Green Energy.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/RBI_070224.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)