Market outlook for 23/04/2015

Nifty closed up 51.95 points (0.62%) at 8429.70 while Future closed at 8461.20, premium of 31.50 points.
Bank Nifty closed up 137.95 points (0.76%) at 18243.70 while Future closed at 18297.40, premium of 53.70 points.

• FII sold huge in Cash (Net sell 910.15 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 106.59 Crore)
• DII bought in Cash (Net buy 217.98 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 711:789.
• McClellan's oscillator for NSE at -09.

NIFTY TECHNICAL

Current Spot: 8429.70
Pivot: 8388
5DEMA: 8499
10DEMA: 8564
20DEMA: 8604
50DEMA: 8664
RSI (14 days): 38.58
Parabolic SAR: 8813
Supports: 8326 - 8223 - 8161
Resistance: 8492 - 8553 - 8657

Nifty Future VWAP: 8399.07
Nifty Future VIX Range: 8387 - 8549
MP Values Nifty Future: VAH - 8466, POC - 8412, VAL - 8358

BANKNIFTY TECHNICAL

Current Spot: 18243.70
Pivot: 18113
5DEMA: 18291
10DEMA: 18394
20DEMA: 18512
50DEMA: 18834
RSI (14 days): 42.00
Parabolic SAR: 18993
Supports: 17929 - 17615 - 17431
Resistance: 18428 - 18612 - 18926

Bank Nifty Future VWAP: 18136.31
Bank Nifty Future VIX Range: 18077 - 18561
MP Values Bank Nifty Future: VAH - 18352, POC - 18200, VAL - 18038

Thanks and Regards

MarketPulse S&P