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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias before closing with 0.58% gain at 17936 level. Banking index underperformed the benchmark index as it closed with 0.39% gain at 40574 level ? India VIX closed with 1.24% gain at 17.94 level

* Among Sectors, REALTY and MEDIA index outperformed the benchmark index as they closed with 2.20% and 1.98% gains. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.97% and 1.33% gains respectively.

* Advance/Decline ratio was in favour of advances 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) and US markets (DJIA) closed higher on Friday. Asian Markets are trading higher today.

Intraday Market Outlook

* Benchmark index is likely to open higher following favourable global cues and trade volatile today. Index has support at 17800 - 17700 level and resistance at 18100 – 18200 level

* Banking index is likely to trade in line with the benchmark index today with support at 40300 - 40000 level and resistance at 41000 - 41300 level

* GODREJPROP has closed with bullish candlestick formation above 21 EMA and it is likely to continue its positive momentum today as well.

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