Market outlook for 16/06/2016

Nifty closed up 97.75 points (1.21%) at 8206.60 while Future closed at 8221.35, premium of 14.75 points.
Bank Nifty closed up 245.50 points (1.39%) at 17917.90 while Future closed at 17877.30, discount of 40.60 points.

• FII sold in Cash (Net sell 108.23 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 9.82 Crore)
• DII bought in Cash (Net buy 234.10 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 1056:494.
• McClellan's oscillator for NSE at +32.

NIFTY TECHNICAL

Current Spot: 8206.60
Pivot: 8181
5DEMA: 8170
10DEMA: 8162
20DEMA: 8101
50DEMA: 7942
Parabolic SAR: 8286
RSI (14 days): 62.27
Supports: 8149 - 8091 - 8059
Resistance: 8239 - 8271 - 8329

Nifty Future VWAP: 8108.52
Nifty Future VIX Range: 8149 - 8285
MP Values Nifty Future: VAH - 8199, POC - 8149, VAL - 8133

BANKNIFTY TECHNICAL

Current Spot: 17917.90
Pivot: 17840
5DEMA: 17787
10DEMA: 17705
20DEMA: 17472
50DEMA: 16920
Parabolic SAR: 18031
RSI (14 days): 66.99
Supports: 17737 - 17556 - 17453
Resistance: 18021 - 18124 - 18305

Bank Nifty Future VWAP: 17731.77
Bank Nifty Future VIX Range: 17664 - 18055
MP Values Bank Nifty Future: VAH - 17791, POC - 17664, VAL - 17597

Thanks and Regards

MarketPulse S&P