Market outlook for 09/03/2016

Nifty closed down 0.05 points (0.00%) at 7485.30 while Future closed at 7452.65, discount of 32.65 points.
Bank Nifty closed down 192.70 points (1.26%) at 15146.50 while Future closed at 15153.40, premium of 6.90 points.

• FII bought in Cash (Net buy 775.07 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 601.33 Crore)
• DII sold Huge in Cash (Net sell 1341.51 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 776:797.
• McClellan's oscillator for NSE at +69.

NIFTY TECHNICAL

Current Spot: 7485.30
Pivot: 7485
5DEMA: 7395
10DEMA: 7303
20DEMA: 7270
50DEMA: 7371
Parabolic SAR: 6951
RSI (14 days): 59.69
Supports: 7443 - 7400 - 7358
Resistance: 7528 - 7570 - 7613

Nifty Future VWAP: 7456.78
Nifty Future VIX Range: 7349 - 7557
MP Values Nifty Future: VAH - 7482, POC - 7459, VAL - 7436

BANKNIFTY TECHNICAL

Current Spot: 15146.50
Pivot: 15180
5DEMA: 14975
10DEMA: 14708
20DEMA: 14638
50DEMA: 15096
Parabolic SAR: 13902
RSI (14 days): 56.96
Supports: 15033 - 14920 - 14773
Resistance: 15293 - 15440 - 15553

Bank Nifty Future VWAP: 15175.57
Bank Nifty Future VIX Range: 14858 - 15444
MP Values Bank Nifty Future: VAH - 15252, POC - 15187, VAL - 15122

Thanks and Regards

MarketPulse S&P