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TECHNICAL OUTLOOK

* c. Banking index traded in line with benchmark index as it closed with 0.23% gain at 44049 level.

* India VIX closed with 0.02% gain at 12.88 level.

* Among Sectors, REALTY index outperformed the benchmark index as it closed with 1.45% gain while FMCG and CONSUMPTION underperformed the benchmark index as they closed with 0.43% and 0.10% cut respectively. Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.59% and 0.68% 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) closed lower while US markets (DJIA) gave up gains and closed lower after US Fed chairman commentary yesterday. Asian Markets are following suit and trading lower today.

Intraday Market Outlook

* Benchmark index is likely to trade volatile today index has support at 18500 - 18450 level and resistance at 18750 – 18800 level

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

* ASIANPAINT has closed below 21day EMA with bearish candlestick and it is likely to continue its negative momentum today as well.

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