Market outlook for 29/03/2016

Nifty closed down 101.40 points (1.31%) at 7615.10 while Future closed at 7638.60, premium of 23.50 points.
Bank Nifty closed down 282.85 points (1.78%) at 15604.90 while Future closed at 15666.70, premium of 61.80 points.

• FII bought huge in Cash (Net buy 2042.94 Crore)
• FII sold in index option, stock future and in index future (Net sell 2440.07 Crore)
• DII sold huge in Cash (Net sell 2494.44 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 347:1254.
• McClellan's oscillator for NSE at +06.

NIFTY TECHNICAL

Current Spot: 7615.10
Pivot: 7651
5DEMA: 7645
10DEMA: 7591
20DEMA: 7500
50DEMA: 7469
Parabolic SAR: 7588
RSI (14 days): 58.84
Supports: 7552 - 7489 - 7390
Resistance: 7714 - 7812 - 7875

Nifty Future VWAP: 7674.27
Nifty Future VIX Range: 7573 - 7746
MP Values Nifty Future: VAH – 7691, POC - 7653, VAL - 7615

BANKNIFTY TECHNICAL

Current Spot: 15604.90
Pivot: 15673
5DEMA: 15719
10DEMA: 15570
20DEMA: 15305
50DEMA: 15287
Parabolic SAR: 15444
RSI (14 days): 58.40
Supports: 15455 - 15304 - 15086
Resistance: 15823 - 16041 - 16192

Bank Nifty Future VWAP: 15744.21
Bank Nifty Future VIX Range: 15484 - 15966
MP Values Bank Nifty Future: VAH - 15839, POC - 15734, VAL - 15629

Thanks and Regards

MarketPulse S&P