Market outlook for 24/04/2015

Nifty closed down 31.40 points (0.37%) at 8398.30 while Future closed at 8405.35, premium of 7.05 points.
Bank Nifty closed up 1.90 points (0.01%) at 18245.60 while Future closed at 18262.95, premium of 17.35 points.

• FII sold in Cash (Net sell 276.83 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 76.03 Crore)
• DII bought in Cash (Net buy 559.60 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 700:809.
• McClellan's oscillator for NSE at -08.

NIFTY TECHNICAL

Current Spot: 8398.30
Pivot: 8422
5DEMA: 8466
10DEMA: 8534
20DEMA: 8585
50DEMA: 8660
RSI (14 days): 37.03
Parabolic SAR: 8781
Supports: 8338 - 8279 - 8195
Resistance: 8482 - 8565 - 8625

Nifty Future VWAP: 8437.13
Nifty Future VIX Range: 8320 - 8478
MP Values Nifty Future: VAH - 8458, POC - 8422, VAL - 8386

BANKNIFTY TECHNICAL

Current Spot: 18245.60
Pivot: 18274
5DEMA: 18276
10DEMA: 18367
20DEMA: 18487
50DEMA: 18825
RSI (14 days): 41.90
Parabolic SAR: 18945
Supports: 18115 - 17984 - 17825
Resistance: 18405 - 18564 - 18695

Bank Nifty Future VWAP: 18301.10
Bank Nifty Future VIX Range: 18022 - 18490
MP Values Bank Nifty Future: VAH - 18346, POC - 18258, VAL - 18170

Thanks and Regards

MarketPulse S&P