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TECHNICAL OUTLOOK

* Benchmark index traded volatile before closing with 0.09% cut at 24509 level. Banking index performed in line with the benchmark index as it closed with 0.03% gain at 52280 level.

* India VIX closed with 4.13% gain at 15.43 level.

* Among Sectors NIFTYPSE index performed better than the benchmark index as it closed with 1.83% gain while NIFTYREALTY index underperformed as it closed with 0.48% cut.

* Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 1.28% and 0.90% gains respectively.

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

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

Intraday Market Outlook

* Benchmark index is likely to trade volatile on Union budget day today. Index has support at 23800 - 23500 level and resistance at 25000 - 25200 level.

* Banking index is likely to trade in line with the benchmark index today with support at 50500 - 50000 level and resistance at 53000 - 53500 level.

* HINDUNILVR 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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