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TECHNICAL OUTLOOK

* Benchmark index traded with negative bias on Friday as it closed with 0.85% cut at 19332 level. Banking index lagged the benchmark index as it closed with 0.92% cut at 44925 level

* India VIX closed with 2.60% cut at 11.53 level

* Among Sectors MEDIA index outperformed the benchmark index as it closed with 3.91% gain while FMCG index underperformed as it closed with 1.53% cut

* Broader market performed slightly better than the benchmark index as MIDCAP and SMALLCAP index closed with 0.76% and 0.28% cut respectively

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

* European markets (DAX) closed higher while US markets (DJIA) closed lower on Friday. Asian Markets are trading mixed today

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 19200 - 19150 level and resistance at 19450 – 19500 level

* Banking index is likely to trade in line with the benchmark index today with support at 44600 - 44400 level and resistance at 45300 - 45500 level.

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

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