Market outlook for 24/02/2016

Nifty closed down 125.00 points (1.73%) at 7109.55 while Future closed at 7113.10, premium of 3.55 points.
Bank Nifty closed down 376.45 points (2.62%) at 14008.35 while Future closed at 14010.50, premium of 2.15 points.

• FII sold in Cash (Net sell 289.66 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 759.68 Crore)
• DII bought in Cash (Net buy 257.93 Crore)
• Most Active Nifty Call Option: 7200 and 7300.
• Most Active Nifty Put Options: 7200 and 7100.
• Advance Decline for the day was 349:1206.
• McClellan's oscillator for NSE at -21.

NIFTY TECHNICAL

Current Spot: 7109.55
Pivot: 7147
5DEMA: 7161
10DEMA: 7181
20DEMA: 7257
50DEMA: 7442
Parabolic SAR: 7252
RSI (14 days): 40.21
Supports: 7053 - 6996 - 6902
Resistance: 7204 - 7298 - 7355

Nifty Future VWAP: 7148.20
Nifty Future VIX Range: 7013 - 7203
MP Values Nifty Future: VAH - 7167, POC - 7128, VAL - 7098

BANKNIFTY TECHNICAL

Current Spot: 14008.35
Pivot: 14114
5DEMA: 14219
10DEMA: 14343
20DEMA: 14647
50DEMA: 15371
Parabolic SAR: 14467
RSI (14 days): 33.87
Supports: 13856 - 13703 - 13444
Resistance: 14267 - 14526 - 14679

Bank Nifty Future VWAP: 14114.87
Bank Nifty Future VIX Range: 13773 - 14247
MP Values Bank Nifty Future: VAH - 14275, POC - 14154, VAL - 14033

Thanks and Regards

MarketPulse S&P