Market outlook for 24/02/2015

Nifty closed down 78.65 points (0.89%) at 8754.95 while Future closed at 8753.45, discount of 1.50 points.
Bank Nifty closed down 160.15 points (0.84%) at 18913.40 while Future closed at 18906.35, discount of 7.05 points.

• FII bought in Cash (Net buy 601.91 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 752.58 Crore)
• DII sold in Cash (Net sell 163.79 Crore)
• Most Active Nifty Call Option: 8900 and 9000.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 537:976.
• McClellan's oscillator for NSE at -03.

NIFTY TECHNICAL

Current Spot: 8754.95
Pivot: 8786
5DEMA: 8802
10DEMA: 8778
20DEMA: 8726
50DEMA: 8607
RSI (14 days): 54.21
Parabolic SAR: 8545
Supports: 8704 - 8654 - 8571
Resistance: 8837 - 8920 - 8970
Nifty Future VWAP: 8823.23
Nifty Future VIX Range: 8666 - 8818
MP Values Nifty Future: VAH - 8915, POC - 8852, VAL - 8789

BANKNIFTY TECHNICAL

Current Spot: 18913.40
Pivot: 18990
5DEMA: 19071
10DEMA: 19125
20DEMA: 19188
50DEMA: 19046
RSI (14 days): 45.01
Parabolic SAR: 18446
Supports: 18759 - 18605 - 18375
Resistance: 19144 - 19374 - 19528
Bank Nifty Future VWAP: 19060.51
Bank Nifty Future VIX Range: 18596 - 19092
MP Values Bank Nifty Future: VAH - 19147, POC - 19011, VAL - 18875

Thanks and Regards

MarketPulse S&P