India VIX closed with 5.77% gain at 13.71 level - Monarch Networth Capital Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch Networth Capital.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 volatile yesterday before closing with 0.18% cut at 23516 level. Banking index outperformed the benchmark index as it closed with 1.90% gain at 51398 level.
* India VIX closed with 5.77% gain at 13.71 level.
* Among Sectors FINNIFTY index performed better than the benchmark index as it closed with 1.59% gain while NIFTYREALTY index underperformed as it closed with 2.83% cut.
* Broader market underperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.97% and 0.46% cut 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 lower while US markets (DJIA) were shut due to holiday yesterday. Asian Markets are trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to trade volatile on weekly expiry today. Index has support at 23350 - 23300 level and resistance at 23700 - 23750 level.
* Banking index is likely to trade in line with the benchmark index today with support at 50900 - 50700 level and resistance at 52000 - 52200 level.
* BAJAJAUTO closed with bearish candlestick pattern and it is likely to trade with negative 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/Opec.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AgroStar25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/dalmia bharat ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Supreme Industries Ltd 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Can Fin Homes Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyient DLM_13 june.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Signature 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Route Mobile Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PVR Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
![Nifty consolidated within the 5 DEMA & 20 DEMA range of 24495 to 24270 throughout the day - Tradebulls Securities Pvt Ltd](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities Ltd.jpg)
![Benchmark index is likely to open lower and trade volatile on monthly expiry today - Monarch Networth Capital Ltd](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
![The short term trend of Nifty continues to be weak - HDFC Securities](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)