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TECHNICAL OUTLOOK

* Benchmark index traded volatile on weekly expiry before closing with 0.51% cut at 19365 level. Banking index performed slightly better than the benchmark index as it closed with 0.13% cut at 43891 level.

* India VIX closed with 0.95% gain at 12.24 level.

* Among Sectors PSUBANK index outperformed the benchmark index as it closed with 1.43% gain while ENERGY index underperformed as it closed with 1.04% cut.

* Broader market performed slightly better than the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.06% and 0.19% gains respectively.

* Advance/Decline ratio was in favour of declines and cash turnover was lower than 5-day average. Both FII and DII were net sellers in the cash segment.

* European markets (DAX) and US markets (DJIA) closed lower yesterday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to open lower and trade volatile today with support at 19250 - 19200 level and resistance at 19450 – 19500 level

* Banking index is likely to trade in line with the benchmark index today with support at 43500 - 43300 level and resistance at 44200 - 44400 level.

* KOTAKBANK has closed below 21EMA with bearish candlestick and it is likely to trade with negative bias today as well.

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