*DAILY EQUITY REPORT* *TECHNICAL OUTLOOK*  Benchmark index traded on a negative note and closed with 0.03% negligible cut at 22,548 level. Banking index performed in line with the benchmark index and closed with 0.09% cut at 48,608 level  India VIX closed with 4.99% cut at 13.72 level  Among Sectors, MEDIA and AUTO index outperformed as it closed with 0.84% and 0.51% gains while METAL and REALTY were the laggards as they closed with 1.54% and 1.31% cut. Broader market underperformed the benchmark index as both MIDCAP and SMALLCAP index closed with 0.62% and 0.44% cut respectively  European markets, including the DAX, closed positively, while US markets, such as the DJIA, traded with negative sentiment in yesterday’s session. Today, Asian markets are slightly negative due to Nvidia's earnings failing to support tech. *POSITIONAL MARKET OUTLOOK*  The benchmark index closed with Dragonfly Doji candlestick formation in the previous trading session, which indicates selling at higher levels. The next support levels are now at 22,400 followed by 22,100. Strong immediate resistance for the index stands at 23,200, if prices can remain above this resistance level, it may help reverse the current negative sentiment. Until then, any rebound within the range of 22,700 to 22,900 should be seen as an opportunity to short, with a strict stop-loss set at 23,200 on the upside.  The banking index closed with bearish sentiment. Looking ahead, a retest of the 48,900 – 49,200 area on the upside should be considered a shorting opportunity, with a strong resistance level at 49,700. On the downside, immediate support is situated at 48,200 - 47,850 levels. *INTRADAY MARKET OUTLOOK WITH PIVOT LEVEL*  Benchmark index is likely to open on a negative note and trade with negative bias with support at 22,400 – 22,250 level and resistance at 22,700 – 22,900 level.  Banking index is likely to trade in line with the benchmark index with support at 48,200 – 47,850 level and resistance at 48,900 – 49,200 level.