Market outlook for 23/12/2015

Nifty closed down 48.35 points (0.62%) at 7786.10 while Future closed at 7785.10, discount of 1.00 points.
Bank Nifty closed down 75.95 points (0.45%) at 16749.20 while Future closed at 16715.30, discount of 33.90 points.

• FII bought in Cash (Net buy 168.73 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 523.07 Crore)
• DII bought in Cash (Net buy 238.36 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 737:821.
• McClellan's oscillator for NSE at +33.

NIFTY TECHNICAL

Current Spot: 7786.10
Pivot: 7803
5DEMA: 7783
10DEMA: 7769
20DEMA: 7790
50DEMA: 7857
Parabolic SAR: 7569
RSI (14 days): 48.60
Supports: 7760 - 7734 - 7690
Resistance: 7829 - 7873 - 7899

Nifty Future VWAP: 7815.02
Nifty Future VIX Range: 7721 - 7849
MP Values Nifty Future: VAH - 7856, POC - 7824, VAL - 7792

BANKNIFTY TECHNICAL

Current Spot: 16749.20
Pivot: 16800
5DEMA: 16699
10DEMA: 16700
20DEMA: 16800
50DEMA: 16996
Parabolic SAR: 16188
RSI (14 days): 46.89
Supports: 16654 - 16558 - 16412
Resistance: 16895 - 17042 - 17137

Bank Nifty Future VWAP: 16806.72
Bank Nifty Future VIX Range: 16552 - 16902
MP Values Bank Nifty Future: VAH - 16914, POC - 16826, VAL - 16738

Thanks and Regards

MarketPulse S&P