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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 1.48% gain at 25790 level on Friday. Banking index performed in line with the benchmark index as it closed with 1.42% gain at 53793 level.

* India VIX closed with 2.57% gain at 12.79 level.

* Among Sectors NIFTYREALTY outperformed the benchmark index as it closed with 3.05% gain while PSUBANK underperformed as it closed with 0.09% cut.

* Broader market also traded with positive bias as MIDCAP index closed with 1.44% gain and SMALLCAP index closed with 0.98% gain.

* Advance/Decline ratio was in favour of advances 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 lower while US markets (DJIA) closed higher on Friday. Asian Markets are largely trading higher today.

Intraday Market Outlook

* Benchmark index is likely to open higher and trade volatile today. Index has support at 25600 - 25500 level and resistance at 26000 - 26100 level.

* Banking index is likely to perform in line with benchmark index today with support at 53300 - 53000 level and resistance at 54300 - 54600 level.

* MARUTI has closed with bullish candlestick pattern and it is likely to trade with positive bias today.

NIFTY (Daily) Chart

BANK NIFTY (Daily) Chart

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