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TECHNICAL OUTLOOK

* Benchmark index traded with negative bias before closing with 0.44% cut at 18560 level. Banking index performed better than the benchmark index as it closed with 0.09% cut at 43099 level.

* India VIX closed with 0.25% gain at 14.07 level.

* Among Sectors, FMCG index outperformed the benchmark index as it closed with 0.96% gain while MEDIA and ENERGY underperformed the benchmark index as they closed with 1.45% and 1.13% cut respectively. Broader market traded in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 0.41% and 0.44% 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) closed lower while US markets (DJIA) closed flat yesterday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 18450 - 18400 level and resistance at 18700 – 18800 level

* Banking index is likely to trade in line with benchmark index today with support at 42800 - 42600 level and resistance at 43500 - 43800 level.

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

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