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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias as it closed with 0.46% gain at 18399 level. Banking index performed slightly better than the benchmark index as it closed with 0.64% gain at 44072 level.

* India VIX closed with 2.49% gain at 13.17 level.

* Among Sectors REALTY index outperformed the benchmark index as it closed with 4.32% gain while NIFTY COMMODITIES index underperformed as it closed with 0.02% gain. Broader market performed in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 0.47% and 0.49% gains respectively.

* Advance/Decline ratio was in favour of advances and cash turnover was higher than 5-day average. Both FII and DII were net buyers in the cash segment.

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

Intraday Market Outlook

* Benchmark index is likely to trade with mild positive bias today with support at 18300 - 18250 level and resistance at 18500 – 18550 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.

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

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