Market outlook for 16/03/2016

Nifty closed down 78.15 points (1.04%) at 7460.60 while Future closed at 7485.40, premium of 24.80 points.
Bank Nifty closed up 49.00 points (0.32%) at 15326.80 while Future closed at 15398.90, premium of 72.10 points.

• FII sold in Cash (Net sell 54.01 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 738.75 Crore)
• DII sold in Cash (Net sell 302.31 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 506:1037.
• McClellan's oscillator for NSE at +25.

NIFTY TECHNICAL

Current Spot: 7460.60
Pivot: 7486
5DEMA: 7464
10DEMA: 7429
20DEMA: 7362
50DEMA: 7396
Parabolic SAR: 7264
RSI (14 days): 56.11
Supports: 7427 - 7394 - 7335
Resistance: 7520 - 7579 - 7612

Nifty Future VWAP: 7502.60
Nifty Future VIX Range: 7390 - 7576
MP Values Nifty Future: VAH - 7535, POC - 7513, VAL - 7491

BANKNIFTY TECHNICAL

Current Spot: 15326.80
Pivot: 15327
5DEMA: 15229
10DEMA: 15055
20DEMA: 14879
50DEMA: 15095
Parabolic SAR: 14537
RSI (14 days): 59.36
Supports: 15268 - 15209 - 15149
Resistance: 15386 - 15446 - 15505

Bank Nifty Future VWAP: 15388.69
Bank Nifty Future VIX Range: 15125 - 15645
MP Values Bank Nifty Future: VAH - 15413, POC - 15385, VAL - 15357

Thanks and Regards

MarketPulse S&P