Market outlook for 21/12/2015

Nifty closed down 82.40 points (1.05%) at 7761.95 while Future closed at 7790.10, premium of 28.15 points.
Bank Nifty closed down 147.20 points (0.88%) at 16594.30 while Future closed at 16638.70, premium of 44.40 points.

• FII sold in Cash (Net sell 6.99 Crore)
• FII sold in stock future but bought in index option, index future (Net sell 409.08 Crore)
• DII sold in Cash (Net sell 404.98 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 699:858.
• McClellan's oscillator for NSE at +22.

NIFTY TECHNICAL

Current Spot: 7761.95
Pivot: 7784
5DEMA: 7754
10DEMA: 7750
20DEMA: 7786
50DEMA: 7877
Parabolic SAR: 7557
RSI (14 days): 46.49
Supports: 7731 - 7701 - 7649
Resistance: 7814 - 7867 - 7897

Nifty Future VWAP: 7814.60
Nifty Future VIX Range: 7720 - 7850
MP Values Nifty Future: VAH - 7848, POC - 7827, VAL - 7805

BANKNIFTY TECHNICAL

Current Spot: 16594.30
Pivot: 16635
5DEMA: 16598
10DEMA: 16659
20DEMA: 16804
50DEMA: 17049
Parabolic SAR: 16858
RSI (14 days): 41.61
Supports: 16532 - 16470 - 16367
Resistance: 16697 - 16800 - 16862

Bank Nifty Future VWAP: 16681.29
Bank Nifty Future VIX Range: 16474 - 16830
MP Values Bank Nifty Future: VAH - 16742, POC - 16698, VAL - 16654

Thanks and Regards

MarketPulse S&P