Daily Report Benchmark index is likely to open higher on the | TradePik by Replete Equities

Daily Report

Benchmark index is likely to open higher on the back of favourable global cues but trade volatile during the day of Union Budget. Index has support at 17000 - 16800 level and resistance at 17600 - 17800 level.

Banking index is likely to trade in line with the benchmark index today with support at 37200 - 36800 level and resistance at 38800 – 39200 level.

OIL has closed with bullish candlestick formation above 21 EMA and it is likely to continue its positive momentum today as well.