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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias yesterday as it closed with 0.34% gain at 19389 level. Banking index performed in line with the benchmark index as it closed with 0.32% gain at 45301 level.

* India VIX closed with 1.39% gain at 11.70 level.

* Among Sectors PSUBANK index outperformed the benchmark index as it closed with 1.89% gain while NIFTYINFRA index underperformed as it closed with 0.55% cut.

* Broader market lagged the benchmark index as MIDCAP index closed with 0.22% cut while SMALLCAP index closed with 0.05% gain.

* 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) closed lower while US markets (DJIA) were shut due to holiday yesterday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 19250 - 19200 level and resistance at 19500 – 19550 level

* Banking index is likely to trade in line with the benchmark index today with support at 45000 - 44800 level and resistance at 45600 - 45800 level.

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

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