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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias as it closed with 0.33% gain at 25236 level on Friday. Banking index performed in line with the benchmark index as it closed with 0.39% gain at 51351 level.

* India VIX closed with 2.86% cut at 13.39 level.

* Among Sectors REALTY and PHARMA indices outperformed the benchmark index as they closed with 1.83% and 1.48% gains respectively while FMCG index underperformed as it closed with 0.16% cut

* Broader market outperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.68% and 0.48% gains respectively.

* 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 with minor cut while US markets (DJIA) closed higher on Friday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to trade range bound today. Index has support at 25100 - 25050 level and resistance at 25350 - 25400 level.

* Banking index is likely to trade in line with the benchmark index today with support at 51000 - 50800 level and resistance at 51700 - 51900 level.

* SRF 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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