Market outlook for 24/09/2015

Nifty closed up 33.95 points (0.43%) at 7845.95 while Future closed at 7855.45, premium of 9.50 points.
Bank Nifty closed up 224.15 points (1.32%) at 17255.30 while Future closed at 17273.70, premium of 18.40 points.

• FII sold huge in Cash (Net sell 1330.12 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 137.42 Crore)
• DII bought in Cash (Net buy 891.36 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 848:632.
• McClellan's oscillator for NSE at +27.

NIFTY TECHNICAL

Current Spot: 7845.95
Pivot: 7817
5DEMA: 7870
10DEMA: 7864
20DEMA: 7909
50DEMA: 8089
RSI (14 days): 44.73
Parabolic SAR: 7723
Supports: 7752 - 7658 - 7592
Resistance: 7911 - 7977 - 8071

Nifty Future VWAP: 7807.77
Nifty Future VIX Range: 7748 - 7974
MP Values Nifty Future: VAH - 7868, POC - 7818, VAL - 7768

BANKNIFTY TECHNICAL

Current Spot: 17255.30
Pivot: 17108
5DEMA: 17168
10DEMA: 17039
20DEMA: 17085
50DEMA: 17564
RSI (14 days): 50.69
Parabolic SAR: 16211
Supports: 16906 - 16557 - 16356
Resistance: 17457 - 17659 - 18008

Bank Nifty Future VWAP: 17076.97
Bank Nifty Future VIX Range: 16966 - 17678
MP Values Bank Nifty Future: VAH - 17295, POC - 17119, VAL - 16943

Thanks and Regards

MarketPulse S&P