Market outlook for 17/02/2016

Nifty closed down 114.70 points (1.60%) at 7048.25 while Future closed at 7054.10, premium of 5.85 points.
Bank Nifty closed down 278.55 points (1.93%) at 14166.45 while Future closed at 14140.65, discount of 25.80 points.

• FII sold in Cash (Net sell 964.19 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 318.20 Crore)
• DII bought in Cash (Net buy 590.73 Crore)
• Most Active Nifty Call Option: 7300 and 7200.
• Most Active Nifty Put Options: 7100 and 7000.
• Advance Decline for the day was 273:1290.
• McClellan's oscillator for NSE at -58.

NIFTY TECHNICAL

Current Spot: 7048.25
Pivot: 7097
5DEMA: 7112
10DEMA: 7198
20DEMA: 7313
50DEMA: 7497
Parabolic SAR: 7424
RSI (14 days): 35.62
Supports: 6989 - 6930 - 6822
Resistance: 7156 - 7264 - 7323

Nifty Future VWAP: 7118.05
Nifty Future VIX Range: 6950 - 7150
MP Values Nifty Future: VAH - 7195, POC - 7143, VAL - 7091

BANKNIFTY TECHNICAL

Current Spot: 14166.45
Pivot: 14302
5DEMA: 14324
10DEMA: 14554
20DEMA: 14919
50DEMA: 15633
Parabolic SAR: 14900
RSI (14 days): 33.60
Supports: 14001 - 13836 - 13536
Resistance: 14467 - 14767 - 14932

Bank Nifty Future VWAP: 14293.67
Bank Nifty Future VIX Range: 13868 - 14375
MP Values Bank Nifty Future: VAH - 14450, POC - 14345, VAL - 14240

Thanks and Regards

MarketPulse S&P