Market outlook for 08/03/2016

Nifty closed up 9.75 points (0.13%) at 7485.35 while Future closed at 7460.35, discount of 25.00 points.
Bank Nifty closed up 161.45 points (1.06%) at 15339.20 while Future closed at 15328.45, discount of 10.75 points.

• FII bought in Cash (Net buy 671.57 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 203.74 Crore)
• DII sold in Cash (Net sell 533.10 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7300 and 7200.
• Advance Decline for the day was 959:597.
• McClellan's oscillator for NSE at +75.

NIFTY TECHNICAL

Current Spot: 7485.35
Pivot: 7478
5DEMA: 7350
10DEMA: 7263
20DEMA: 7247
50DEMA: 7371
Parabolic SAR: 6901
RSI (14 days): 59.60
Supports: 7451 - 7417 - 7389
Resistance: 7513 - 7540 - 7575

Nifty Future VWAP: 7436.98
Nifty Future VIX Range: 7367 - 7583
MP Values Nifty Future: VAH - 7452, POC - 7432, VAL - 7412

BANKNIFTY TECHNICAL

Current Spot: 15339.20
Pivot: 15265
5DEMA: 14890
10DEMA: 14610
20DEMA: 14585
50DEMA: 15106
Parabolic SAR: 13730
RSI (14 days): 60.46
Supports: 15079 - 14819 - 14633
Resistance: 15525 - 15712 - 15972

Bank Nifty Future VWAP: 15196.05
Bank Nifty Future VIX Range: 15089 - 15696
MP Values Bank Nifty Future: VAH - 15384, POC - 15235, VAL - 15086

Thanks and Regards

MarketPulse S&P