Market outlook for 22/04/2016

Nifty closed down 2.70 points (0.03%) at 7912.05 while Future closed at 7913.35, premium of 1.30 points.
Bank Nifty closed up 287.45 points (1.76%) at 16637.15 while Future closed at 16640.00, premium of 2.85 points.

• FII bought in Cash (Net buy 805.42 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1011.48 Crore)
• DII bought in Cash (Net buy 65.72 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 631:945.
• McClellan's oscillator for NSE at +40.

NIFTY TECHNICAL

Current Spot: 7912.05
Pivot: 7925
5DEMA: 7856
10DEMA: 7786
20DEMA: 7699
50DEMA: 7543
Parabolic SAR: 7566
RSI (14 days): 67.97
Supports: 7871 - 7831 - 7777
Resistance: 7966 - 8019 - 8060

Nifty Future VWAP: 7938.77
Nifty Future VIX Range: 7822 - 7988
MP Values Nifty Future: VAH - 7964, POC - 7937, VAL - 7910

BANKNIFTY TECHNICAL

Current Spot: 16637.15
Pivot: 16644
5DEMA: 16307
10DEMA: 16121
20DEMA: 15892
50DEMA: 15488
Parabolic SAR: 15529
RSI (14 days): 69.97
Supports: 16519 - 16401 - 16276
Resistance: 16762 - 16887 - 17005

Bank Nifty Future VWAP: 16693.04
Bank Nifty Future VIX Range: 16360 - 16848
MP Values Bank Nifty Future: VAH - 16756, POC - 16707, VAL - 16658

Thanks and Regards

MarketPulse S&P