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TECHNICAL OUTLOOK

* Benchmark index traded volatile on Friday before closing with 0.30% gain at 21782 level. Banking index outperformed the benchmark index as it closed with 1.38% gain at 45634 level.

* India VIX closed with 2.40% cut at 15.44 level.

* Among Sectors NIFTYPSUBANK index performed better than the benchmark index as it closed with 0.97% gain while NIFTYPSE index underperformed as it closed with 2.66% cut.

* Broader market underperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.89% and 1.40% cut 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 lower on Friday. Asian Markets are trading mixed today.

Intraday Market Outlook

* Benchmark index is likely to open higher and trade volatile today. Index has support at 21700 - 21650 level and resistance at 21950 - 22000 level.

* Banking index is likely to trade in line with the benchmark index today with support at 45200 - 45000 level and resistance at 46100 - 46300 level.

* BANKBARODA 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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