Market outlook for 23/06/2015

Nifty closed up 128.15 points (1.56%) at 8353.10 while Future closed at 8353.15, premium of 0.05 points.
Bank Nifty closed up 453.65 points (2.54%) at 18334.50 while Future closed at 18320.60, discount of 13.90 points.

• FII bought in Cash (Net buy 651.31 Crore)
• FII bought in index future, stock future and in index option (Net buy 4025.29 Crore)
• DII sold in Cash (Net sell 94.03 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 1063:456.
• McClellan's oscillator for NSE at +57.

NIFTY TECHNICAL

Current Spot: 8353.10
Pivot: 8327
5DEMA: 8209
10DEMA: 8164
20DEMA: 8178
50DEMA: 8273
RSI (14 days): 58.87
Parabolic SAR: 7963
Supports: 8284 - 8215 - 8172
Resistance: 8396 - 8439 - 8508

Nifty Future VWAP: 8320.97
Nifty Future VIX Range: 8267 - 8444
MP Values Nifty Future: VAH - 8375, POC - 8354, VAL - 8290

BANKNIFTY TECHNICAL

Current Spot: 18334.50
Pivot: 18235
5DEMA: 17914
10DEMA: 17810
20DEMA: 17858
50DEMA: 18042
RSI (14 days): 58.46
Parabolic SAR: 17200
Supports: 18050 - 17765 - 17579
Resistance: 18520 - 18706 - 18990

Bank Nifty Future VWAP: 18250.87
Bank Nifty Future VIX Range: 18074 - 18608
MP Values Bank Nifty Future: VAH - 18399, POC - 18335, VAL - 18082

Thanks and Regards

MarketPulse S&P