Market outlook for 17/07/2015

Nifty closed up 84.25 points (0.99%) at 8608.05 while Future closed at 8626.65, premium of 18.60 points.
Bank Nifty closed up 351.80 points (0.19%) at 19168.05 while Future closed at 19230.45, premium of 62.40 points.

• FII bought in Cash (Net buy 745.81 Crore)
• FII bought in index future, index option and in stock future (Net buy 2748.06 Crore)
• DII sold in Cash (Net sell 98.51 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 851:652.
• McClellan's oscillator for NSE at +50.

NIFTY TECHNICAL

Current Spot: 8608.05
Pivot: 8589
5DEMA: 8509
10DEMA: 8464
20DEMA: 8406
50DEMA: 8367
RSI (14 days): 65.02
Parabolic SAR: 8321
Supports: 8562 - 8516 - 8489
Resistance: 8635 - 8662 - 8708

Nifty Future VWAP: 8599.13
Nifty Future VIX Range: 8555 - 8706
MP Values Nifty Future: VAH - 8630, POC - 8608, VAL - 8586

BANKNIFTY TECHNICAL

Current Spot: 19168.05
Pivot: 19077
5DEMA: 18898
10DEMA: 18766
20DEMA: 18570
50DEMA: 18368
RSI (14 days): 66.70
Parabolic SAR: 18774
Supports: 18959 - 18749 - 18631
Resistance: 19286 - 19405 - 19614

Bank Nifty Future VWAP: 19115.19
Bank Nifty Future VIX Range: 19008 - 19448
MP Values Bank Nifty Future: VAH - 19250, POC - 19184, VAL - 19038

Thanks and Regards

MarketPulse S&P