Market outlook for 23/06/2016

Nifty closed down 16.20 points (0.20%) at 8203.70 while Future closed at 8205.05, premium of 1.35 points.
Bank Nifty closed up 6.95 points (0.04%) at 17626.05 while Future closed at 17597.70, discount of 28.35 points.

• FII sold in Cash (Net sell 41.10 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 505.95 Crore)
• DII bought in Cash (Net buy 361.34 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8200 and 8100.
• Advance Decline for the day was 513:1057.
• McClellan's oscillator for NSE at -05.

NIFTY TECHNICAL

Current Spot: 8203.70
Pivot: 8198
5DEMA: 8201
10DEMA: 8186
20DEMA: 8139
50DEMA: 8008
Parabolic SAR: 8264
RSI (14 days): 58.55
Supports: 8159 - 8113 - 8073
Resistance: 8244 - 8284 - 8329

Nifty Future VWAP: 8207.74
Nifty Future VIX Range: 8139 - 8265
MP Values Nifty Future: VAH - 8231, POC - 8207, VAL - 8183

BANKNIFTY TECHNICAL

Current Spot: 17626.05
Pivot: 17633
5DEMA: 17669
10DEMA: 17676
20DEMA: 17548
50DEMA: 17102
Parabolic SAR: 17954
RSI (14 days): 56.27
Supports: 17511 - 17396 - 17274
Resistance: 17748 - 17870 - 17985

Bank Nifty Future VWAP: 17629.65
Bank Nifty Future VIX Range: 17421 - 17771
MP Values Bank Nifty Future: VAH - 17718, POC - 17641, VAL - 17564

Thanks and Regards

MarketPulse S&P