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TECHNICAL OUTLOOK

* Benchmark index traded volatile on monthly expiry before closing with 0.20% gain at 18321 level. Banking index lagged the benchmark index as it closed with 0.01% gain at 43681 level.

* India VIX closed with 4.52% cut at 12.52 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 1.12% gain while PSUBANK index underperformed as it closed with 0.45% cut. Broader market performed better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.36% and 0.27% gains respectively.

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

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

Intraday Market Outlook

* Benchmark index is likely to trade rangebound today with support at 18200 - 18150 level and resistance at 18450 – 18500 level.

* Banking index is likely to trade in line with the benchmark index today with support at 43300 - 43100 level and resistance at 44000 - 44200 level.

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

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