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 TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.25% cut at 18157 level. Banking index outperformed the benchmark index as it closed with 0.23% gain at 41783 level.

* India VIX closed with 2.12% cut at 15.91 level.

* Among Sectors, PSU BANK index outperformed the benchmark index as it closed with 3.93% gain while REALTY and PHARMA index underperformed the benchmark index as it closed with 1.47% and 1.14% cut respectively.      Broader market traded in line with benchmark index as MIDCAP and SMALLCAP index closed with 0.52% and 0.33% cut respectively.

* Advance/Decline ratio was in favour of declines 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) and US markets (DJIA) closed lower yesterday. Asian Markets are trading lower today

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 18050 - 17950 level and resistance at 18250 – 18350 level

* Banking index is likely to trade in line with benchmark index today with support at 41300 - 41000 level and resistance at 42000 - 42300 level.

* GODREJPROP has closed below 21EMA with bearish candlestick formation and is likely to continue its negative momentum today as well.

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