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TECHNICAL OUTLOOK

* Benchmark index closed with 0.79% gain at 18268 level. Banking index underperformed the benchmark index as it closed with minor 0.11% gain at 41238 level.

* India VIX closed with 4.88% cut at 16.75 level

* Among Sectors, REALTY and METAL indices outperformed the benchmark index as they closed with 3.62% and 2.66% gains. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 1.80% and 2.57% gain respectively.

* Advance/Decline ratio was in favour of advances and cash turnover was lower than 5-day average. FII were net sellers while DII were net buyers in the cash segment

* European markets (DAX) closed with gains while US markets (DJIA) closed flat yesterday. Asian markets are largely trading lower today.

NIFTY (Daily) Chart

Intraday Market Outlook

* Benchmark index is likely to trade volatile today ahead of monthly expiry with support at 18100 - 18000 level and resistance at 18400 - 18500 level

* Banking index is likely to trade in line with the benchmark index today with support at 40800 - 40500 level and resistance at 41700 - 42000 level

* APOLLOHOSP closed with bullish candlestick formation above 21 EMA and it is likely to continue its upside momentum today as well

BANK NIFTY (Daily) Chart

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