Market outlook for 17/06/2016

Nifty closed down 65.85 points (0.80%) at 8140.75 while Future closed at 8158.75, premium of 18.00 points.
Bank Nifty closed down 246.60 points (1.38%) at 17671.30 while Future closed at 17687.45, premium of 16.15 points.

• FII sold in Cash (Net sell 156.75 Crore)
• FII sold in index future, stock future and in index option (Net sell 1655.43 Crore)
• DII sold in Cash (Net sell 163.00 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 542:1036.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 8140.75
Pivot: 8132
5DEMA: 8160
10DEMA: 8158
20DEMA: 8104
50DEMA: 7953
Parabolic SAR: 8281
RSI (14 days): 56.26
Supports: 8083 - 8026 - 7977
Resistance: 8189 - 8238 - 8296

Nifty Future VWAP: 8132.51
Nifty Future VIX Range: 8186 - 8221
MP Values Nifty Future: VAH - 8178, POC - 8148, VAL - 8118

BANKNIFTY TECHNICAL

Current Spot: 17671.30
Pivot: 17682
5DEMA: 17748
10DEMA: 17699
20DEMA: 17491
50DEMA: 16961
Parabolic SAR: 18021
RSI (14 days): 58.79
Supports: 17536 - 17400 - 17254
Resistance: 17817 - 17963 - 18099

Bank Nifty Future VWAP: 17679.40
Bank Nifty Future VIX Range: 17464 - 17857
MP Values Bank Nifty Future: VAH - 17748, POC - 17672, VAL - 17596

Thanks and Regards

MarketPulse S&P