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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.20% cut at 16952 level. Banking index performed better than the benchmark index as it closed with 0.35% gain at 39568 level.

* India VIX closed with 2.23% cut at 15.10 level.

* Among Sectors FINSERVICE index performed better than the benchmark index as it closed with 0.27% gain while MEDIA index underperformed as it closed with 1.68% cut. Broader market underperformed the benchmark index as both MIDCAP and SAMLLCAP index closed with 0.42% 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 buyers while DII were net sellers in the cash segment.

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

Intraday Market Outlook

* Benchmark index is likely to trade volatile on monthly expiry today with support at 16850 - 16800 level and resistance at 17100 – 17150 level.

* Banking index is likely to trade in line with the benchmark index today with support at 39200 - 39000 level and resistance at 40000 - 40200 level.

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

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