Market outlook for 18/01/2016

Nifty closed down 99.00 points (1.31%) at 7437.80 while Future closed at 7446.25, premium of 8.45 points.
Bank Nifty closed down 403.50 points (2.58%) at 15206.30 while Future closed at 15204.25, discount of 2.05 points.

• FII sold huge in Cash (Net sell 1123.79 Crore)
• FII sold index option but bought in stock future, index future (Net sell 268.31 Crore)
• DII bought in Cash (Net buy 688.84 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 143:1450.
• McClellan's oscillator for NSE at -103.

NIFTY TECHNICAL

Current Spot: 7437.80
Pivot: 7477
5DEMA: 7527
10DEMA: 7600
20DEMA: 7682
50DEMA: 7811
Parabolic SAR: 7734
RSI (14 days): 31.05
Supports: 7388 - 7338 - 7249
Resistance: 7527 - 7616 - 7666

Nifty Future VWAP: 7497.10
Nifty Future VIX Range: 7374 - 7512
MP Values Nifty Future: VAH - 7556, POC - 7518, VAL - 7480

BANKNIFTY TECHNICAL

Current Spot: 15206.30
Pivot: 15337
5DEMA: 15650
10DEMA: 15947
20DEMA: 16264
50DEMA: 16703
Parabolic SAR: 16466
RSI (14 days): 23.42
Supports: 15024 - 14841 - 14527
Resistance: 15520 - 15833 - 16016

Bank Nifty Future VWAP: 15414.73
Bank Nifty Future VIX Range: 14993 - 15387
MP Values Bank Nifty Future: VAH - 15635, POC - 15555, VAL - 15295

Thanks and Regards

MarketPulse S&P