Market outlook for 22/12/2015

Nifty closed up 72.50 points (0.93%) at 7834.45 while Future closed at 7841.45, premium of 7.00 points.
Bank Nifty closed up 230.85 points (1.39%) at 16825.15 while Future closed at 16817.45, discount of 7.70 points.

• FII bought in Cash (Net buy 37.37 Crore)
• FII bought in index option, index future but sold in stock future (Net buy 361.52 Crore)
• DII bought in Cash (Net buy 62.70 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 1113:454.
• McClellan's oscillator for NSE at +41.

NIFTY TECHNICAL

Current Spot: 7834.45
Pivot: 7803
5DEMA: 7781
10DEMA: 7765
20DEMA: 7791
50DEMA: 7875
Parabolic SAR: 7563
RSI (14 days): 51.37
Supports: 7765 - 7696 - 7658
Resistance: 7872 - 7910 - 7980

Nifty Future VWAP: 7823.86
Nifty Future VIX Range: 7773 - 7903
MP Values Nifty Future: VAH - 7850, POC - 7826, VAL - 7802

BANKNIFTY TECHNICAL

Current Spot: 16825.15
Pivot: 16751
5DEMA: 16674
10DEMA: 16689
20DEMA: 16807
50DEMA: 17052
Parabolic SAR: 16849
RSI (14 days): 48.41
Supports: 16654 - 16484 - 16386
Resistance: 16922 - 17019 - 17190

Bank Nifty Future VWAP: 16790.22
Bank Nifty Future VIX Range: 16619 - 16978
MP Values Bank Nifty Future: VAH - 16845, POC - 16797, VAL - 16749

Thanks and Regards

MarketPulse S&P