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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 1.22% cut at 17543 level. Banking index performed better than the benchmark index as it closed with 0.60% cut at 39301 level

* India VIX closed with 6.26% gain at 19.87 level

* Among Sectors, REALTY and PSUBANK index outperformed the benchmark index as they closed with 1.08% and 0.71% gains while IT and ENERGY index lagged as they closed with 1.98% and 1.92% cut. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.11% and 0.12% gains respectively.

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

* European markets (DAX) closed lower while US markets (DJIA) closed higher yesterday. Asian Markets are trading mixed today

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 17450 - 17350 level and resistance at 17700 - 17800 level

* Banking index is likely to trade in line with the benchmark index today with support at 39000 - 38700 level and resistance at 39700 - 40000 level

* NAVINFLUOR has closed with bullish candlestick formation above 21 EMA and it is likely to continue its positive momentum today as well.

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