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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.21% cut at 17858 level. Banking index traded in line with the benchmark index as it closed with 0.36% cut at 42082 level.

* India VIX closed with 1.04% cut at 15.27 level.

* Among Sectors MEDIA index outperformed the benchmark index as it closed with 0.80% gain while ENERGY index underperformed the benchmark index as it closed with 0.68% cut. Broader market performed better than the benchmark index as both MIDCAP and SAMLLCAP index closed with 0.24% and 0.02% gains respectively.

* Advance/Decline ratio was equal at 1:1 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) and US markets (DJIA) closed higher yesterday. Asian Markets are largely trading higher today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 17750 - 17700 level and resistance at 18000 – 18050 level.

* Banking index is likely to trade in line with benchmark index today with support at 41800 - 41600 level and resistance at 42500 - 42700 level.

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

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