Market outlook for 21/03/2016

Nifty closed up 91.80 points (1.22%) at 7604.35 while Future closed at 7605.30, premium of 0.95 points.
Bank Nifty closed down 17.70 points (0.11%) at 15444.00 while Future closed at 15669.65, premium of 14.80 points.

• FII bought huge in Cash (Net buy 1712.62 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 539.12 Crore)
• DII sold in Cash (Net sell 403.37 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 814:753.
• McClellan's oscillator for NSE at +26.

NIFTY TECHNICAL

Current Spot: 7604.35
Pivot: 7579
5DEMA: 7533
10DEMA: 7482
20DEMA: 7409
50DEMA: 7422
Parabolic SAR: 7404
RSI (14 days): 62.54
Supports: 7544 - 7483 - 7448
Resistance: 7639 - 7674 - 7735

Nifty Future VWAP: 7572.36
Nifty Future VIX Range: 7516 - 7696
MP Values Nifty Future: VAH – 7597, POC - 7571, VAL - 7545

BANKNIFTY TECHNICAL

Current Spot: 15654.85
Pivot: 15597
5DEMA: 15453
10DEMA: 15271
20DEMA: 15048
50DEMA: 15176
Parabolic SAR: 14893
RSI (14 days): 64.19
Supports: 15515 - 15374 - 15292
Resistance: 15737 - 15819 - 15959

Bank Nifty Future VWAP: 15591.32
Bank Nifty Future VIX Range: 15432 - 15937
MP Values Bank Nifty Future: VAH - 15646, POC - 15580, VAL - 15514

Thanks and Regards

MarketPulse S&P