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WEEK GONE BY

* Benchmark Index traded volatile before closing with 0.20% cut at 15690 level. Banking index performed slightly better compared to the benchmark index as it closed with 0.75% gain at 35072 level

* Among the Nifty constituents, BAJAJFINSV and TATASTEEL closed with 9.40% and 9.07% gains respectively while TATAMOTORS and BAJAJ-AUTO lagged as they closed with 11.30% and 4.29% cut. Among the Bank nifty constituents, INDUSINDBK outperformed the Banking index as it closed with 2.97% gain

* Among sectors, REALTY and METAL index performed better as they closed the week with 6.25% and 2.80% gains respectively while AUTO and PSUBANK index were the laggards as they closed with 2.48% and 2.10% cut respectively.

* Volatility index (India VIX) closed with 7.03% gain and closed at 12.94 level

* FII were net sellers during the week as they sold equities worth 2028 Cr while DII were net buyers during the week as they bought equities worth 92 Cr in cash segment

* Globally, Equity markets closed with marginal gains during the week as both US market (DJIA) and European market (DAX) closed 0.24% higher.

Derivatives.

* Derivatives data for Nifty suggest max OI addition at 15700 levels both on call and put side with max OI at 15800 call and 15000 put (15 Jul expiry). Nifty cumulative PCR closed at 0.94 for Jul 09.

* Derivatives data for Banknifty suggest max OI addition at 35000 levels both on call and put side with max OI at 36000 call and 35000 put (15 Jul expiry). Banknifty cumulative PCR closed at 0.78 for Jul 09.

TECHNICAL OUTLOOK

Nifty (Weekly)

* Benchmark index traded volatile and closed near its support level of 15700.

* Index is likely to trade range bound in the coming week.

* Benchmark Index has support at 15500 - 15300 and resistance at 16000 - 16300 level

Banknifty (Weekly)

* Banking index traded with volatile price action and closed with Doji Candlestick formation.

* Banknifty is likely to trade in a broad range in the coming week.

* Banking index has support at 34500 - 34000 and resistance at 36000 - 36500 level

Finnifty (Weekly)

* FINNIFTY index traded volatile and closed with Doji Candlestick formation.

* FINNIFTY is likely to trade in line with the Banking Index for the coming week.

* FINNIFTY has support at 16300 - 16000 level and resistance at 17000 - 17300 level.

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