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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 1.04% cut at 18043 level. Banking index traded in line with the benchmark index as it closed with 1.07% cut at 42959 level.

* India VIX closed with 5.65% gain at 15.19 level. ? Among Sectors METAL and REALTY underperformed the benchmark index as they closed with 2.11% and 2.05% cut respectively. Broader market traded in line with the benchmark index as MIDCAP and SAMLLCAP index closed with 0.97% and 0.79% cut respectively.

* Advance/Decline ratio was in favour of declines and cash turnover was higher than 5-day average. FII were net sellers while 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 volatile today with support at 17900 - 17850 level and resistance at 18200 – 18250 level.

* Banking index is likely to trade in line with benchmark index today with support at 42600 - 42400 level and resistance at 43400 - 43600 level.

* GNFC has closed above 21day EMA with bullish candlestick and it is likely to continue its positive momentum today as well.

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