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TECHNICAL OUTLOOK

* Benchmark index traded with positive bias on Friday before closing with 0.59% gain at 22040 level. Banking index performed in line with the benchmark index as it closed with 0.36% gain at 46384 level.

* India VIX closed with 0.02% cut at 15.22 level. ? Among Sectors NIFTYAUTO index performed better than the benchmark index as it closed with 2.21% gain while NIFTYENERGY index underperformed as it closed with 0.65% cut.

* Broader market performed in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 0.64% and 0.55% gains respectively.

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

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

Intraday Market Outlook

* Benchmark index is likely to trade volatile today. Index has support at 21950 - 21900 level and resistance at 22150 - 22200 level.

* Banking index is likely to trade in line with the benchmark index today with support at 46000 - 45800 level and resistance at 46700 - 46900 level.

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

NIFTY (Daily) Chart

BANK NIFTY (Daily) Charts

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