*WEEKLY EQUITY REPORT* *TECHNICAL OUTLOOK*  The benchmark index traded on a negative note and closed with a 1.14% cut at 24,719 level. The banking index underperformed the benchmark index as it closed with a 1.86% cut at 55,527 level  Among the Nifty constituents, TECHM and ONGC closed with 5.59% and 4.77% gains, while ADANIPORTS and TITAN were the laggards as they closed with 4.53% and 3.88% cuts. Among the Bank Nifty constituents, HDFCBANK underperformed the Banking index as it closed with 3.09% cut  Among Sectors, IT and HEALTHCARE outperformed the benchmark index as they closed with 3.15% and 1.53% gains, while REALTY and PSUBANK were the laggards as they closed with 3.13% and 2.33% cuts, respectively. The broader market performed in line with the benchmark index as both MIDCAP and SMALLCAP index closed with 1.17% and 1.12 cuts respectively  India VIX closed with 3.08% gain at 15.08 level  Globally, equity markets traded with negative sentiment during the previous week as the US market (DJIA) and the European market (DAX) closed with 1.32% and 3.24% cuts, respectively *POSITIONAL MARKET OUTLOOK*  The benchmark index traded within a broader range marked with higher volatility and closed with a Bearish candlestick formation during the previous week. Moving forward, 24,400 will serve as a crucial support level, while 25,250 will act as immediate resistance for the index. The index is expected to experience continued volatility and will likely remain within the above-mentioned broader range. However, if the price closes below 24,400 on a daily basis, it will halt the momentum of the current uptrend and could lead to further declines. Until that occurs, the price is likely to support the bulls, with buying opportunities expected at lower levels. Therefore, the recommendation is to maintain a long position, and any dips toward the 24,600 to 24,500 range should be seen as a buying opportunity. A stop loss should be set at 24,300, and potential upward targets are projected to be between 25,300 and 25,500 in the coming days.  The banking index underperformed the benchmark index and closed with a “Bearish engulfing” candlestick pattern for the week gone by, indicating selling pressure at higher levels. Looking ahead, the level of 54,400 will serve as crucial support for the index, while 57,100 will act as an immediate resistance level. The index is expected to remain volatile within the above-mentioned range. A daily close below 54,400 may indicate a shift in momentum and lead to further declines. However, until that happens, there are good buying opportunities at lower levels. We recommend maintaining a long position, particularly if the price dips to the 55,200 – 54,800 range. Set a stop-loss at 54,200, and look for upward targets between 57,100 and 57,500 in the coming days. *MARKET OUTLOOK FOR THE NEXT WEEK WITH CRUCIAL LEVELS*  The benchmark index is expected to trade volatile within a broader range for the upcoming week. The support level for the index is placed at 24,400 – 24,100, and resistance is positioned at 25,000 – 25,300 levels.  The banking index is likely to trade in line with the benchmark index for the coming week. The support level is placed at the 55,000 – 54,400 level, and resistance at 56,100 – 56,700 level. *Disclaimer:* The above view is for educational purposes only. Trading carries significant risks and may not be suitable for all investors. Please conduct due diligence before investing, as past performance does not guarantee future results.