Market outlook for 23/03/2015

Nifty closed down 63.75 points (0.74%) at 8570.90 while Future closed at 8602.05, premium of 31.15 points.
Bank Nifty closed down 204.80 points (1.09%) at 18606.35 while Future closed at 18678.15, premium of 71.80 points.

• FII bought in Cash (Net buy 354.59 Crore)
• FII sold in index future, index option and in stock future (Net sell 2002.93 Crore)
• DII sold in Cash (Net sell 219.20 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 314:1222.
• McClellan's oscillator for NSE at -57.

NIFTY TECHNICAL

Current Spot: 8570.90
Pivot: 8584
5DEMA: 8643
10DEMA: 8689
20DEMA: 8726
50DEMA: 8676
RSI (14 days): 40.34
Parabolic SAR: 8908
Supports: 8540 - 8509 - 8465
Resistance: 8615 - 8659 - 8690

Nifty Future VWAP: 8611.79
Nifty Future VIX Range: 8533 - 8697
MP Values Nifty Future: VAH - 8631, POC - 8615, VAL - 8599

BANKNIFTY TECHNICAL

Current Spot: 18606.35
Pivot: 18644
5DEMA: 18853
10DEMA: 18978
20DEMA: 19088
50DEMA: 19124
RSI (14 days): 40.80
Parabolic SAR: 19994
Supports: 18504 - 18402 - 18263
Resistance: 18746 - 18885 - 18987

Bank Nifty Future VWAP: 18733.82
Bank Nifty Future VIX Range: 18414 - 18992
MP Values Bank Nifty Future: VAH - 18796, POC - 18738, VAL - 18680

Thanks and Regards

MarketPulse S&P