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TECHNICAL OUTLOOK

* Benchmark index traded volatile as it closed with 0.34% cut at 18285 level. Banking index lagged the benchmark index as it closed with 0.63% cut at 43678 level.

* India VIX closed with 4.03% gain at 13.11 level.

* Among Sectors PHARMA index outperformed the benchmark index as it closed with 1.03% gain while METAL index underperformed as it closed with 1.56% cut. Broader market performed better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.13% and 0.10% 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 volatile on monthly expiry today. Index has support at 18150 - 18100 level and resistance at 18400 – 18450 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.

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

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