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TECHNICAL OUTLOOK

* Benchmark index traded rangebound before closing with 0.03% gain at 18599 level. Banking index performed slightly better than the benchmark index as it closed with 0.14% gain at 44165 level.

* India VIX closed with 2.18% gain at 11.38 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 1.19% gain while IT index underperformed as it closed with 1.88% cut.

* Broader market performed slightly better than the benchmark index as both MIDCAP and SMALLCAP index closed with 0.29% and 0.42% gains respectively.

* Advance/Decline ratio was in favour of advances and cash turnover was lower 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 higher yesterday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 18500 - 18450 level and resistance at 18700 – 18750 level

* Banking index is likely to trade in line with the benchmark index today with support at 43800 - 43600 level and resistance at 44500 - 44700 level.

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

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