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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.20% cut at 18308 level. Banking index performed slightly better than the benchmark index as it closed with 0.05% cut at 42437 level.

* India VIX closed with 3.28% cut at 14.39 level.

* Among Sectors, PSUBANK index outperformed the benchmark index as it closed with 1.53% gain while AUTO and PHARMA index underperformed the benchmark index as they closed with 1.18% and 0.67% cut respectively. Broader market lagged the benchmark index as MIDCAP and SMALLCAP index closed with 0.44% and 0.45% cut respectively.

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

* European markets (DAX) and US markets (DJIA) closed higher on Friday. However, Asian Markets are largely trading lower today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 18200 - 18100 level and resistance at 18400 – 18500 level

* Banking index is likely to trade in line with benchmark index today with support at 42100 - 41900 level and resistance at 42700 - 42900 level.

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

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