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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.24% gain at 17754 level. Banking index performed better than the benchmark index as it closed with 0.55% gain at 41577 level.

* India VIX closed with 1.45% gain at 12.45 level.

* Among Sectors AUTO and ENERGY index outperformed the benchmark index as they closed with 0.85% and 0.83% gains respectively while REALTY index underperformed the benchmark index as it closed with 0.68% cut. Broader market performed in line with the benchmark index as both MIDCAP and SAMLLCAP index closed with 0.51% and 0.21% gains respectively.

* Advance/Decline ratio was in favour of advances and cash turnover was higher 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. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile on weekly expiry today with support at 17650 - 17600 level and resistance at 17850 – 17900 level.

* Banking index is likely to trade in line with benchmark index today with support at 41200 - 41000 level and resistance at 42000 - 42200 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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