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TECHNICAL OUTLOOK

* Benchmark index traded volatile yesterday before closing with 0.51% gain at 19497 level. Banking index lagged the benchmark index as it closed with 0.42% gain at 45340 level.

* India VIX closed with 0.36% cut at 11.84 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 2.25% gain while IT index underperformed as it closed with 0.12% cut.

* Broader market outperformed the benchmark index as MIDCAP index and SMALLCAP index closed with 0.79% and 0.67% gains respectively.

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

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

Intraday Market Outlook

* Benchmark index is likely to open lower on the back of unfavourable global cues and trade volatile today. Index has support at 19300 - 19250 level and resistance at 19600 – 19650 level

* Banking index is likely to trade in line with the benchmark index today with support at 44900 - 44700 level and resistance at 45600 - 45800 level.

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

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