Market outlook for 16/03/2015

Nifty closed down 128.25 points (1.46%) at 8647.75 while Future closed at 8674.40, premium of 26.65 points.
Bank Nifty closed down 362.05 points (1.89%) at 18779.80 while Future closed at 18880.95, premium of 101.15 points.

• FII bought in Cash (Net buy 66.98 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 2358.40 Crore)
• DII sold in Cash (Net sell 71.55 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 362:1167.
• McClellan's oscillator for NSE at -32.

NIFTY TECHNICAL

Current Spot: 8647.75
Pivot: 8710
5DEMA: 8734
10DEMA: 8774
20DEMA: 8778
50DEMA: 8670
RSI (14 days): 43.62
Parabolic SAR: 9059
Supports: 8570 - 8492 - 8352
Resistance: 8788 - 8928 - 9006

Nifty Future VWAP: 8732.86
Nifty Future VIX Range: 8599 - 8777
MP Values Nifty Future: VAH - 8775, POC - 8718, VAL - 8661

BANKNIFTY TECHNICAL

Current Spot: 18779.80
Pivot: 18965
5DEMA: 19067
10DEMA: 19183
20DEMA: 19223
50DEMA: 19135
RSI (14 days): 42.67
Parabolic SAR: 20442
Supports: 18552 - 18325 - 17913
Resistance: 19192 - 19604 - 19831

Bank Nifty Future VWAP: 19065.15
Bank Nifty Future VIX Range: 18598 - 19210
MP Values Bank Nifty Future: VAH - 19194, POC - 18994, VAL - 18821

Thanks and Regards

MarketPulse S&P