Market outlook for 24/06/2016

Nifty closed up 66.75 points (0.81%) at 8270.45 while Future closed at 8282.25, premium of 11.80 points.
Bank Nifty closed up 266.40 points (1.51%) at 17892.45 while Future closed at 17890.50, discount of 1.95 points.

• FII bought in Cash (Net buy 81.87 Crore)
• FII bought in index future, index option and in stock future (Net buy 1129.32 Crore)
• DII bought in Cash (Net buy 203.56 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8200 and 8100.
• Advance Decline for the day was 618:954.
• McClellan's oscillator for NSE at -13.

NIFTY TECHNICAL

Current Spot: 8270.45
Pivot: 8248
5DEMA: 8224
10DEMA: 8202
20DEMA: 8152
50DEMA: 8018
Parabolic SAR: 8064
RSI (14 days): 62.78
Supports: 8211 - 8151 - 8113
Resistance: 8308 - 8345 - 8405

Nifty Future VWAP: 8248.73
Nifty Future VIX Range: 8224 - 8354
MP Values Nifty Future: VAH - 8277, POC - 8234, VAL - 8195

BANKNIFTY TECHNICAL

Current Spot: 17892.45
Pivot: 17804
5DEMA: 17744
10DEMA: 17715
20DEMA: 17581
50DEMA: 17129
Parabolic SAR: 17933
RSI (14 days): 62.76
Supports: 17700 - 17507 - 17403
Resistance: 17996 - 18100 - 18293

Bank Nifty Future VWAP: 17753.98
Bank Nifty Future VIX Range: 17711 - 18079
MP Values Bank Nifty Future: VAH - 17863, POC - 17743, VAL - 17623

Thanks and Regards

MarketPulse S&P