Market outlook for 26/02/2016

Nifty closed down 48.10 points (0.69%) at 6970.60 while Future closed at 7001.10, premium of 30.50 points.
Bank Nifty closed down 238.35 points (1.73%) at 13555.70 while Future closed at 13633.60, premium of 77.90 points.

• FII sold huge in Cash (Net sell 1465.68 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 3213.92 Crore)
• DII bought in Cash (Net buy 806.97 Crore)
• Most Active Nifty Call Option: 7200 and 7400.
• Most Active Nifty Put Options: 7000 and 6900.
• Advance Decline for the day was 523:994.
• McClellan's oscillator for NSE at -40.

NIFTY TECHNICAL

Current Spot: 6970.60
Pivot: 6989
5DEMA: 7066
10DEMA: 7119
20DEMA: 7209
50DEMA: 7410
Parabolic SAR: 7212
RSI (14 days): 35.24
Supports: 6943 - 6916 - 6870
Resistance: 7016 - 7062 - 7089

Nifty Future VWAP: 7020.05
Nifty Future VIX Range: 6925 - 7107
MP Values Nifty Future: VAH - 7031, POC - 7010, VAL - 6989

BANKNIFTY TECHNICAL

Current Spot: 13555.70
Pivot: 13640
5DEMA: 13904
10DEMA: 14118
20DEMA: 14469
50DEMA: 15238
Parabolic SAR: 14262
RSI (14 days): 28.69
Supports: 13436 - 13315 - 13111
Resistance: 13760 - 13965 - 14085

Bank Nifty Future VWAP: 13738.66
Bank Nifty Future VIX Range: 13398 - 13858
MP Values Bank Nifty Future: VAH - 13824, POC - 13736, VAL - 13648

Thanks and Regards

MarketPulse S&P