Market outlook for 22/03/2016

Nifty closed up 99.90 points (1.31%) at 7704.25 while Future closed at 7713.35, premium of 9.10 points.
Bank Nifty closed up 271.25 points (1.73%) at 15926.10 while Future closed at 15941.55, premium of 15.45 points.

• FII bought huge in Cash (Net buy 1396.33 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 481.14 Crore)
• DII sold in Cash (Net sell 618.77 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 989:595.
• McClellan's oscillator for NSE at +38.

NIFTY TECHNICAL

Current Spot: 7704.25
Pivot: 7679
5DEMA: 7590
10DEMA: 7522
20DEMA: 7437
50DEMA: 7433
Parabolic SAR: 7466
RSI (14 days): 66.52
Supports: 7643 - 7583 - 7548
Resistance: 7739 - 7774 - 7835

Nifty Future VWAP: 7668.44
Nifty Future VIX Range: 7625 - 7809
MP Values Nifty Future: VAH – 7690, POC - 7653, VAL - 7623

BANKNIFTY TECHNICAL

Current Spot: 15926.10
Pivot: 15869
5DEMA: 15611
10DEMA: 15390
20DEMA: 15131
50DEMA: 15206
Parabolic SAR: 15040
RSI (14 days): 68.05
Supports: 15793 - 15659 - 15582
Resistance: 16003 - 16079 - 16213

Bank Nifty Future VWAP: 15847.29
Bank Nifty Future VIX Range: 15680 - 16194
MP Values Bank Nifty Future: VAH - 15897, POC - 15809, VAL - 15745

Thanks and Regards

MarketPulse S&P