Market outlook for 23/03/2016

Nifty closed up 10.65 points (0.14%) at 7714.90 while Future closed at 7726.25, premium of 11.35 points.
Bank Nifty closed up 9.90 points (0.06%) at 15936.00 while Future closed at 15969.00, premium of 33.00 points.

• FII bought huge in Cash (Net buy 1095.44 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1883.47 Crore)
• DII sold in Cash (Net sell 930.37 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 843:717.
• McClellan's oscillator for NSE at +40.

NIFTY TECHNICAL

Current Spot: 7714.90
Pivot: 7696
5DEMA: 7632
10DEMA: 7557
20DEMA: 7463
50DEMA: 7440
Parabolic SAR: 7518
RSI (14 days): 66.96
Supports: 7663 - 7611 - 7579
Resistance: 7747 - 7780 - 7832

Nifty Future VWAP: 7698.63
Nifty Future VIX Range: 7640 - 7818
MP Values Nifty Future: VAH – 7717, POC - 7695, VAL - 7673

BANKNIFTY TECHNICAL

Current Spot: 15936.00
Pivot: 15894
5DEMA: 15719
10DEMA: 15490
20DEMA: 15208
50DEMA: 15228
Parabolic SAR: 15189
RSI (14 days): 68.18
Supports: 15821 - 15706 - 15632
Resistance: 16010 - 16083 - 16198

Bank Nifty Future VWAP: 15896.05
Bank Nifty Future VIX Range: 15732 - 16232
MP Values Bank Nifty Future: VAH - 15939, POC - 15885, VAL - 15831

Thanks and Regards

MarketPulse S&P