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TECHNICAL OUTLOOK

* Benchmark index traded rangebound before closing with 0.01% gain at 19396 level. Banking index performed in line with the benchmark index as it closed with 0.02% cut at 43993 level.

* India VIX closed with 1.78% cut at 11.74 level.

* Among Sectors PSE index outperformed the benchmark index as it closed with 0.91% gain while PSUBANK index underperformed as it closed with 0.49% cut.

* Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.94% and 0.89% gains respectively.

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

* European markets (DAX) closed higher while US markets (DJIA) closed lower yesterday. Asian Markets are largely trading higher today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today with support at 19300 - 19250 level and resistance at 19500 – 19550 level

* Banking index is likely to trade in line with the benchmark index today with support at 43700 - 43500 level and resistance at 44300 - 44500 level.

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

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