Market outlook for 16/07/2015

Nifty closed up 69.70 points (0.82%) at 8523.80 while Future closed at 8542.05, premium of 18.25 points.
Bank Nifty closed up 36.05 points (0.19%) at 18816.25 while Future closed at 18880.45, premium of 64.20 points.

• FII bought in Cash (Net buy 407.69 Crore)
• FII bought in index future, index option and in stock future (Net buy 2267.67 Crore)
• DII sold in Cash (Net sell 50.38 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 845:654.
• McClellan's oscillator for NSE at +50.

NIFTY TECHNICAL

Current Spot: 8523.80
Pivot: 8506
5DEMA: 8459
10DEMA: 8432
20DEMA: 8385
50DEMA: 8360
RSI (14 days): 60.87
Parabolic SAR: 8315
Supports: 8481 - 8438 - 8412
Resistance: 8549 - 8575 - 8618

Nifty Future VWAP: 8529.69
Nifty Future VIX Range: 8473 - 8621
MP Values Nifty Future: VAH - 8545, POC - 8532, VAL - 8519

BANKNIFTY TECHNICAL

Current Spot: 18816.25
Pivot: 18828
5DEMA: 18763
10DEMA: 18676
20DEMA: 18507
50DEMA: 18341
RSI (14 days): 60.33
Parabolic SAR: 18688
Supports: 18762 - 18707 - 18641
Resistance: 18883 - 18949 - 19004

Bank Nifty Future VWAP: 18898.51
Bank Nifty Future VIX Range: 18685 - 19095
MP Values Bank Nifty Future: VAH - 18950, POC - 18910, VAL - 18870

Thanks and Regards

MarketPulse S&P