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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.32% cut at 18090 level. Banking index performed slightly better than the benchmark index as it closed with 0.09% cut at 43313 level.

* India VIX closed with 0.48% cut at 11.84 level.

* Among Sectors FMCG index outperformed the benchmark index as it closed with 0.78% gain while IT index underperformed as it closed with 1.00% cut. Broader market performed better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.35% and 0.2% gains respectively.

* Advance/Decline ratio was in favour of declines 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) closed higher while US markets (DJIA) closed lower yesterday post FOMC rate hike decision. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile on weekly expiry today. Index has support at 18000 - 17950 level and resistance at 18200 – 18250 level

* Banking index is likely to trade in line with the benchmark index today with support at 43000 - 42800 level and resistance at 43600 - 43800 level.

* HINDUNILVR has closed with bullish candlestick and it is likely to trade with positive bias today as well.

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