Market outlook for 14/07/2016

Nifty closed down 1.55 points (0.02%) at 8519.50 while Future closed at 8520.05, premium of 0.55 points.
Bank Nifty closed down 48.65 points (0.26%) at 18618.95 while Future closed at 18650.35, premium of 31.40 points.

• FII bought in Cash (Net buy 290.53 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 940.93 Crore)
• DII sold in Cash (Net sell 654.73 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 507:1110.
• McClellan's oscillator for NSE at +05.

NIFTY TECHNICAL

Current Spot: 8519.50
Pivot: 8521
5DEMA: 8452
10DEMA: 8384
20DEMA: 8301
50DEMA: 8157
Parabolic SAR: 8139
RSI (14 days): 70.39
Supports: 8492 - 8464 - 8435
Resistance: 8549 - 8578 - 8605

Nifty Future VWAP: 8520.00
Nifty Future VIX Range: 8440 - 8586
MP Values Nifty Future: VAH - 8535, POC - 8525, VAL - 8515

BANKNIFTY TECHNICAL

Current Spot: 18618.95
Pivot: 18626
5DEMA: 18412
10DEMA: 18211
20DEMA: 17983
50DEMA: 17539
Parabolic SAR: 17609
RSI (14 days): 70.05
Supports: 18540 - 18460 - 18374
Resistance: 18705 - 18791 - 18870

Bank Nifty Future VWAP: 18651.71
Bank Nifty Future VIX Range: 18438 - 18847
MP Values Bank Nifty Future: VAH - 18687, POC - 18653, VAL - 18619

Thanks and Regards

MarketPulse S&P