Market outlook for 17/03/2016

Nifty closed up 38.15 points (0.51%) at 7498.75 while Future closed at 7527.00, premium of 28.25 points.
Bank Nifty closed up 134.90 points (0.88%) at 15461.70 while Future closed at 15536.00, premium of 74.30 points.

• FII bought in Cash (Net buy 625.58 Crore)
• FII sold in index future, index option and in stock future (Net sell 1571.79 Crore)
• DII sold in Cash (Net sell 680.16 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 668:873.
• McClellan's oscillator for NSE at +19.

NIFTY TECHNICAL

Current Spot: 7498.75
Pivot: 7471
5DEMA: 7489
10DEMA: 7442
20DEMA: 7375
50DEMA: 7404
Parabolic SAR: 7315
RSI (14 days): 57.84
Supports: 7433 - 7368 - 7330
Resistance: 7536 - 7573 - 7639

Nifty Future VWAP: 7482.22
Nifty Future VIX Range: 7443 - 7626
MP Values Nifty Future: VAH - 7518, POC - 7486, VAL - 7454

BANKNIFTY TECHNICAL

Current Spot: 15461.70
Pivot: 15377
5DEMA: 15306
10DEMA: 15129
20DEMA: 14935
50DEMA: 15124
Parabolic SAR: 14632
RSI (14 days): 61.43
Supports: 15264 - 15065 - 14952
Resistance: 15575 - 15688 - 15886

Bank Nifty Future VWAP: 15381.00
Bank Nifty Future VIX Range: 15296 - 15811
MP Values Bank Nifty Future: VAH - 15493, POC - 15380, VAL - 15267

Thanks and Regards

MarketPulse S&P