Market outlook for 16/12/2014

Nifty closed down 4.50 points (0.05%) at 8219.60 while Future closed at 8267.20, premium of 47.60 points.
Bank Nifty closed up 72.90 points (0.40%) at 18372.65 while Future closed at 18486.00, premium of 113.35 points.

• FII sold in Cash (Net sell 455.72 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1743.44 Crore)
• DII bought in Cash (Net buy 136.02 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 519:1005.
• McClellan's oscillator for NSE at -62.

NIFTY TECHNICAL

Current Spot: 8219.60
Pivot: 8205
5DEMA: 8291
10DEMA: 8356
20DEMA: 8379
50DEMA: 8286
RSI (14 days): 37.56
Parabolic SAR: 8518
Supports: 8167 - 8115 - 8077
Resistance: 8257 - 8295 - 8347

Nifty Future VWAP: 8262.58
Nifty Future VIX Range: 8216 - 8333
MP Values Nifty Future: VAH - 8281, POC - 8267, VAL - 8253

BANKNIFTY TECHNICAL

Current Spot: 18372.65
Pivot: 18333
5DEMA: 18394
10DEMA: 18391
20DEMA: 18185
50DEMA: 17505
RSI (14 days): 60.04
Parabolic SAR: 18782
Supports: 18197 - 18021 - 17884
Resistance: 18509 - 18646 - 18822

Bank Nifty Future VWAP: 18479.74
Bank Nifty Future VIX Range: 18317 - 18724
MP Values Bank Nifty Future: VAH - 18528, POC - 18470, VAL - 18412

Thanks and Regards

MarketPulse S&P