Market outlook for 16/09/2015

Nifty closed down 43.15 points (0.55%) at 7829.10 while Future closed at 7828.55, discount of 0.55 points.
Bank Nifty closed down 172.25 points (1.02%) at 16739.55 while Future closed at 16752.45, premium of 12.90 points.

• FII sold in Cash (Net sell 910.85 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 1127.55 Crore)
• DII bought in Cash (Net buy 480.50 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 534:969.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 7829.10
Pivot: 7836
5DEMA: 7811
10DEMA: 7816
20DEMA: 7915
50DEMA: 8101
RSI (14 days): 43.39
Parabolic SAR: 7560
Supports: 7793 - 7756 - 7712
Resistance: 7873 - 7917 - 7953

Nifty Future VWAP: 7839.29
Nifty Future VIX Range: 7705 - 7939
MP Values Nifty Future: VAH - 7875, POC - 7851, VAL - 7827

BANKNIFTY TECHNICAL

Current Spot: 16739.55
Pivot: 16780
5DEMA: 16679
10DEMA: 16682
20DEMA: 16981
50DEMA: 17560
RSI (14 days): 43.64
Parabolic SAR: 15786
Supports: 16641 - 16542 - 16403
Resistance: 16879 - 17018 - 17117

Bank Nifty Future VWAP: 16799.06
Bank Nifty Future VIX Range: 16380 - 17067
MP Values Bank Nifty Future: VAH - 16876, POC - 16814, VAL - 16752

Thanks and Regards

MarketPulse S&P