Market outlook for 18/04/2016

Nifty closed up 141.50 points (1.84%) at 7850.45 while Future closed at 7867.85, premium of 17.40 points.
Bank Nifty closed up 398.35 points (2.51%) at 16278.55 while Future closed at 16332.75, premium of 54.20 points.

• FII bought in Cash (Net buy 644.27 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 7768.76 Crore)
• DII bought in Cash (Net buy 269.89 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 1029:524.
• McClellan's oscillator for NSE at +61.

NIFTY TECHNICAL

Current Spot: 7850.45
Pivot: 7829
5DEMA: 7718
10DEMA: 7681
20DEMA: 7625
50DEMA: 7523
Parabolic SAR: 7517
RSI (14 days): 65.23
Supports: 7794 - 7737 - 7701
Resistance: 7886 - 7922 - 7979

Nifty Future VWAP: 7855.61
Nifty Future VIX Range: 7771 - 7949
MP Values Nifty Future: VAH - 7888, POC - 7862, VAL - 7836

BANKNIFTY TECHNICAL

Current Spot: 16278.55
Pivot: 16236
5DEMA: 15945
10DEMA: 15866
20DEMA: 15710
50DEMA: 15440
Parabolic SAR: 15440
RSI (14 days): 64.84
Supports: 16123 - 15967 - 15854
Resistance: 16392 - 16505 - 16661

Bank Nifty Future VWAP: 16303.15
Bank Nifty Future VIX Range: 16053 - 16553
MP Values Bank Nifty Future: VAH - 16387, POC - 16307, VAL - 16227

Thanks and Regards

MarketPulse S&P