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TECHNICAL OUTLOOK

* Benchmark index traded volatile yesterday before closing with 0.34% gain at 22198 level. Banking index underperformed the benchmark index as it closed with 0.02% gain at 46588 level.

* India VIX closed with 0.82% gain at 15.72 level.

*  Among Sectors NIFTYREALTY index performed better than the benchmark index as it closed with 1.07% gain while NIFTYMEDIA index underperformed as it closed with0.63% cut. ? Broader market performed mixed as MIDCAP index closed with 0.12% cut while SMALLCAP index closed with 0.28% gain.

* Advance/Decline ratio was in favour of advances and cash turnover was lower than 5-day average. FII were net sellers while DII were net buyers 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 today with support at 22100 - 22050 level and resistance at 22300 - 22350 level.

* Banking index is likely to trade in line with the benchmark index today with support at 46400 - 46200 level and resistance at 46800 - 47000 level.

* INFY has closed with inside bar candlestick pattern and it is likely to trade with positive bias today.

NIFTY (Daily) Chart

BANK NIFTY (Daily) Charts

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