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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias as it closed with 0.46% gain at 18244 level. Banking index trade in line with the benchmark index as it closed with 0.2% gain at 42457 level. India VIX closed with 6.45% cut at 13.84 level.

* Among Sectors, PSUBANK index outperformed the benchmark index as it closed with 1.66% gain while REALTY and ENERGY index underperformed the benchmark index as they closed with 1.22% and 0.35% cut respectively. Broader market traded mixed as MIDCAP closed with 0.48% gain while SMALLCAP index closed with 0.10% cut respectively.

* Advance/Decline ratio was in favour of advances 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) and US markets (DJIA) closed higher yesterday. Asian Markets are trading higher today.

Intraday Market Outlook

* Benchmark index is likely to trade with mild positive bias today with support at 18150 - 18100 level and resistance at 18400 – 18450 level

* Banking index is likely to trade in line with benchmark index today with support at 42200 - 42000 level and resistance at 42800 - 43000 level.

* INDUSINDBK is trading above 21 EMA and has closed with bullish candlestick formation and is likely to continue its positive momentum today as well.

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