Market outlook for 22/06/2016

Nifty closed down 18.60 points (0.23%) at 8219.90 while Future closed at 8225.10, premium of 5.20 points.
Bank Nifty closed down 99.50 points (0.56%) at 17619.10 while Future closed at 17623.10, premium of 4.00 points.

• FII bought in Cash (Net buy 484.66 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1192.52 Crore)
• DII sold in Cash (Net sell 335.53 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8200 and 8100.
• Advance Decline for the day was 751:813.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 8219.90
Pivot: 8226
5DEMA: 8199
10DEMA: 8183
20DEMA: 8132
50DEMA: 7999
Parabolic SAR: 8269
RSI (14 days): 60.14
Supports: 8196 - 8171 - 8141
Resistance: 8251 - 8282 - 8306

Nifty Future VWAP: 8227.32
Nifty Future VIX Range: 8157 - 8287
MP Values Nifty Future: VAH - 8239, POC - 8230, VAL - 8221

BANKNIFTY TECHNICAL

Current Spot: 17619.10
Pivot: 17656
5DEMA: 17691
10DEMA: 17687
20DEMA: 17540
50DEMA: 17080
Parabolic SAR: 17976
RSI (14 days): 56.11
Supports: 17549 - 17478 - 17371
Resistance: 17726 - 17834 - 17904

Bank Nifty Future VWAP: 17656.60
Bank Nifty Future VIX Range: 17425 - 17785
MP Values Bank Nifty Future: VAH - 17713, POC - 17675, VAL - 17637

Thanks and Regards

MarketPulse S&P