Market outlook for 18/12/2015

Nifty closed up 93.45 points (1.21%) at 7844.35 while Future closed at 7856.40, premium of 12.05 points.
Bank Nifty closed up 162.10 points (0.98%) at 16741.50 while Future closed at 16772.00, premium of 30.50 points.

• FII bought in Cash (Net buy 638.01 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 28.60 Crore)
• DII sold in Cash (Net sell 366.23 Crore)
• Most Active Nifty Call Option: 7800 and 8000.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 1239:322.
• McClellan's oscillator for NSE at +30.

NIFTY TECHNICAL

Current Spot: 7844.35
Pivot: 7812
5DEMA: 7751
10DEMA: 7747
20DEMA: 7788
50DEMA: 7882
Parabolic SAR: 7551
RSI (14 days): 51.95
Supports: 7770 - 7696 - 7655
Resistance: 7886 - 7927 - 8001

Nifty Future VWAP: 7805.55
Nifty Future VIX Range: 7792 - 7923
MP Values Nifty Future: VAH - 7845, POC - 7808, VAL - 7771

BANKNIFTY TECHNICAL

Current Spot: 16741.50
Pivot: 16686
5DEMA: 16600
10DEMA: 16673
20DEMA: 16827
50DEMA: 17068
Parabolic SAR: 16949
RSI (14 days): 45.20
Supports: 16600 - 16459 - 16373
Resistance: 16827 - 16913 - 17054

Bank Nifty Future VWAP: 16697.06
Bank Nifty Future VIX Range: 16583 - 16947
MP Values Bank Nifty Future: VAH - 16795, POC - 16719, VAL - 16643

Thanks and Regards

MarketPulse S&P