IGI Logo

TECHNICAL OUTLOOK

* Benchmark index traded with negative bias yesterday as it closed with 0.76% cut at 21616 level. Banking index underperformed the benchmark index as it closed with 1.65% cut at 44882 level.

* India VIX closed with 3.98% gain at 16.06 level.

* Among Sectors NIFTYIT index performed better than the benchmark index as it closed with 0.79% gain while NIFTYMEDIA index underperformed as it closed with 4.46% cut.

* Broader market underperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 2.48% and 4.01% cut respectively.

* Advance/Decline ratio was in favour of declines and cash turnover was lower than 5-day average. Both FII and DII were net buyers in the cash segment.

* European markets (DAX) and US markets (DJIA) closed higher yesterday. Asian Markets are trading mixed today..

Intraday Market Outlook

* Benchmark index is likely to trade volatile today. Index has support at 21500 - 21450 level and resistance at 21700 - 21750 level.

* Banking index is likely to trade in line with the benchmark index today with support at 44500 - 44300 level and resistance at 45300 - 45500 level.

* ASIANPAINTS has closed with bullish candlestick and it is likely to trade with positive bias today.

CHART OF THE DAY

Please refer disclaimer at https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833