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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.53% cut at 18534 level. Banking index lagged the benchmark index as it closed with 0.69% cut at 44128 level.

* India VIX closed with 0.31% cut at 11.97 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 0.76% gain while ENERGY index underperformed the benchmark as it closed with 1.41% cut.

* Broader market performed better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.54% and 0.68% gains respectively.

* Advance/Decline ratio was in favour of declines and cash turnover was Higher than 5-day average. FII were net buyers while DII were net sellers 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 18400 - 18350 level and resistance at 18650 – 18700 level

* Banking index is likely to trade in line with the benchmark index today with support at 43800 - 43600 level and resistance at 44400 - 44600 level.

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

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