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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias as it closed with 1.08% gain at 18265 level. Banking index performed better than the benchmark index as it closed with 1.46% gain at 43284 level.

* India VIX closed with 2.77% gain at 12.63 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 1.64% gain while PSUBANK index underperformed as it closed with 0.93% cut. Broader market lagged the benchmark index as both MIDCAP and SMALLCAP index closed with 0.94% and 0.56% gains respectively.

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

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

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 18150 - 18100 level and resistance at 18350 – 18400 level

* Banking index is likely to trade in line with the benchmark index today with support at 43000 - 42800 level and resistance at 43600 - 43800 level.

* LAURUSLABS has closed above 21EMA with bullish candlestick and it is likely to trade with positive bias today as well.

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