India VIX closed with 4.91% gain at 12.82 level - Monarch Networth Capitals
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TECHNICAL OUTLOOK
* Benchmark index traded range bound yesterday before closing with 0.42% cut at 22004 level. Banking index lagged the benchmark index as it closed with 0.56% cut at 46600 level.
* India VIX closed with 4.91% gain at 12.82 level.
* Among Sectors NIFTYREALTY index performed better than the benchmark index as it closed with 1.57% gain and NIFTYMEDIA index underperformed as it closed with 1.66% cut.
* Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 1.05% and 0.41% gains respectively.
* Advance/Decline ratio was in favour of declines and cash turnover was higher than 5-day average. Both FII and DII were net buyers in the cash segment.
* European markets (DAX) closed higher while US markets (DJIA) closed with minor cut yesterday. Asian Markets are trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to trade range bound today with support at 21900 - 21850 level and resistance at 22100 - 22150 level.
* Banking index is likely to trade in line with the benchmark index today with support at 46300 - 46100 level and resistance at 46900 - 47100 level.
* AXISBANK 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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