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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias as it closed with 0.25% gain at 18534 level. Banking index performed slightly better than the benchmark index as it closed with 0.34% gain at 43938 level.

* India VIX closed with 4.07% cut at 11.13 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 1.42% gain while IT index underperformed as it closed with 0.4% cut.

* Broader market performed better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.60% and 0.57% 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 higher on Friday. Asian Markets are following suit and trading higher today.

Intraday Market Outlook

* Benchmark index is likely to open higher on the back of favourable global cues and trade with positive bias today. Index has support at 18450 - 18400 level and resistance at 18700 – 18750 level

* Banking index is likely to trade in line with the benchmark index today with support at 43700 - 43500 level and resistance at 44400 - 44600 level.

* ICICIBANK has closed above 21EMA with bullish candlestick and it is likely to trade with positive bias today as well.

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