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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.18% cut at 15752 level. Banking index performed better than the benchmark index as it closed with 0.34% gain at 33539 level

* India VIX closed with 2.70% cut at 21.25 level

* Among Sectors, FMCG and REALTY index outperformed the benchmark index as they closed with 2.82% and 1.58% gains while ENERGY and PSE index were the laggards as they closed with 3.93% and 2.30% cut respectively. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.51% and 0.38% gains respectively.

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

* European markets (DAX) and markets (DJIA) closed higher on Friday. However, Asian Markets are trading mixed today.

NIFTY (Daily) Chart

Intraday Market Outlook

* Benchmark index is likely to trade range bound today with support at 15600 - 15500 level and resistance at 15900 - 16000 level.

* Banking index is likely to trade in line with the benchmark index today with support at 33100 - 32800 level and resistance at 34000 - 34300 level.

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

BANK NIFTY (Daily) Chart

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