Market outlook for 23/02/2016

Nifty closed up 23.80 points (0.33%) at 7234.55 while Future closed at 7240.70, premium of 6.15 points.
Bank Nifty closed up 40.60 points (0.28%) at 14384.80 while Future closed at 14395.70, premium of 10.90 points.

• FII sold in Cash (Net sell 656.93 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 11.18 Crore)
• DII bought in Cash (Net buy 597.87 Crore)
• Most Active Nifty Call Option: 7200 and 7300.
• Most Active Nifty Put Options: 7200 and 7100.
• Advance Decline for the day was 877:661.
• McClellan's oscillator for NSE at +02.

NIFTY TECHNICAL

Current Spot: 7234.55
Pivot: 7229
5DEMA: 7186
10DEMA: 7197
20DEMA: 7273
50DEMA: 7455
Parabolic SAR: 7267
RSI (14 days): 45.33
Supports: 7206 - 7178 - 7154
Resistance: 7258 - 7281 - 7309

Nifty Future VWAP: 7234.73
Nifty Future VIX Range: 7144 - 7332
MP Values Nifty Future: VAH - 7242, POC - 7232, VAL - 7222

BANKNIFTY TECHNICAL

Current Spot: 14384.80
Pivot: 14392
5DEMA: 14325
10DEMA: 14418
20DEMA: 14714
50DEMA: 15426
Parabolic SAR: 14467
RSI (14 days): 39.10
Supports: 14316 - 14247 - 14171
Resistance: 14460 - 14536 - 14605

Bank Nifty Future VWAP: 14396.61
Bank Nifty Future VIX Range: 14174 - 14636
MP Values Bank Nifty Future: VAH - 14441, POC - 14402, VAL - 14363

Thanks and Regards

MarketPulse S&P