India VIX closed with 5.22% gain at 16.01 level - - Monarch Networth Capital Ltd
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TECHNICAL OUTLOOK
* Benchmark index traded with positive bias yesterday as it closed with 0.37% gain at 22122 level. Banking index performed in line with the benchmark index as it closed with 0.32% gain at 46535 level.
* India VIX closed with 5.22% gain at 16.01 level.
* Among Sectors NIFTYFMCG index performed better than the benchmark index as it closed with 0.79% gain while NIFTYREALTY index underperformed as it closed with 0.67% cut.
* Broader market performed in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 0.36% and 0.40% 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 lower yesterday. Asian Markets are largely trading lower today.
Intraday Market Outlook
* Benchmark index is likely to trade range bound today. Index has support at 22050 - 22000 level and resistance at 22200 - 22250 level.
* Banking index is likely to trade in line with the benchmark index today with support at 46200 - 46000 level and resistance at 46800 - 47000 level.
* COALINDIA has closed with bearish candlestick and it is likely to trade with negative bias today.
NIFTY (Daily) Chart
BANK NIFTY (Daily) Charts
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