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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.25% gain at 17814 level. Banking index performed slightly better than the benchmark index as it closed with 0.35% gain at 42830 level.

* India VIX closed with 1.15% gain at 11.65 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 1.36% gain while METAL index underperformed as it closed with 0.44% cut. Broader market performed in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 0.27% and 0.34% 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 lower yesterday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile on monthly expiry today. Index has support at 17700 - 17650 level and resistance at 17900 – 17950 level

* Banking index is likely to trade in line with the benchmark index today with support at 42500 - 42300 level and resistance at 43100 - 43300 level.

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

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