Market outlook for 16/01/2015

Nifty closed up 216.60 points (2.62%) at 8494.15 while Future closed at 8515.05, premium of 20.90 points.
Bank Nifty closed up 631.85 points (3.40%) at 19235.65 while Future closed at 19270.25, premium of 34.60 points.

• FII bought in Cash (Net buy 1738.24 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 7151.15 Crore)
• DII sold in Cash (Net sell 527.27 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 986:561.
• McClellan's oscillator for NSE at +26.

NIFTY TECHNICAL

Current Spot: 8494.15
Pivot: 8467
5DEMA: 8350
10DEMA: 8309
20DEMA: 8292
50DEMA: 8251
RSI (14 days): 61.73
Parabolic SAR: 8065
Supports: 8407 - 8321 - 8261
Resistance: 8554 - 8614 - 8701

Nifty Future VWAP: 8487.90
Nifty Future VIX Range: 8391 - 8588
MP Values Nifty Future: VAH - 8537, POC - 8496, VAL - 8455

BANKNIFTY TECHNICAL

Current Spot: 19235.65
Pivot: 19236
5DEMA: 18853
10DEMA: 18761
20DEMA: 18642
50DEMA: 18141
RSI (14 days): 63.92
Parabolic SAR: 18212
Supports: 19061 - 18887 - 18712
Resistance: 19410 - 19585 - 19759

Bank Nifty Future VWAP: 19283.11
Bank Nifty Future VIX Range: 18943 - 19495
MP Values Bank Nifty Future: VAH - 19358, POC - 19243, VAL - 19128

Thanks and Regards

MarketPulse S&P