Market outlook for 24/07/2015

Nifty closed down 43.70 points (0.51%) at 8589.80 while Future closed at 8603.70, premium of 13.90 points.
Bank Nifty closed down 132.00 points (0.69%) at 18865.00 while Future closed at 18906.30, premium of 41.30 points.

• FII bought in Cash (Net buy 185.42 Crore)
• FII sold in index future, stock future and in index option (Net sell 1936.45 Crore)
• DII sold in Cash (Net sell 276.69 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 768:736.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 8589.80
Pivot: 8606
5DEMA: 8583
10DEMA: 8546
20DEMA: 8480
50DEMA: 8388
RSI (14 days): 60.09
Parabolic SAR: 8414
Supports: 8557 - 8525 - 8477
Resistance: 8638 - 8687 - 8719

Nifty Future VWAP: 8621.27
Nifty Future VIX Range: 8532 - 8677
MP Values Nifty Future: VAH - 8638, POC - 8619, VAL - 8600

BANKNIFTY TECHNICAL

Current Spot: 18865.00
Pivot: 18925
5DEMA: 18909
10DEMA: 18866
20DEMA: 18712
50DEMA: 18447
RSI (14 days): 55.69
Parabolic SAR: 19159
Supports: 18759 - 18653 - 18487
Resistance: 19031 - 19197 - 19303

Bank Nifty Future VWAP: 18971.99
Bank Nifty Future VIX Range: 18679 - 19111
MP Values Bank Nifty Future: VAH - 19024, POC - 18954, VAL - 18884

Thanks and Regards

MarketPulse S&P