Market outlook for 12/07/2016

Nifty closed up 144.70 points (1.74%) at 8467.90 while Future closed at 8489.40, premium of 21.50 points.
Bank Nifty closed up 374.70 points (2.08%) at 18390.95 while Future closed at 18478.70, premium of 87.75 points.

• FII bought in Cash (Net buy 1055.80 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2108.06 Crore)
• DII sold in Cash (Net sell 610.57 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8200.
• Advance Decline for the day was 1094:540.
• McClellan's oscillator for NSE at +39.

NIFTY TECHNICAL

Current Spot: 8467.90
Pivot: 8450
5DEMA: 8368
10DEMA: 8316
20DEMA: 8252
50DEMA: 8111
Parabolic SAR: 8056
RSI (14 days): 68.61
Supports: 8425 - 8382 - 8357
Resistance: 8493 - 8518 - 8561

Nifty Future VWAP: 8471.87
Nifty Future VIX Range: 8415 - 8568
MP Values Nifty Future: VAH - 8495, POC - 8475, VAL - 8454

BANKNIFTY TECHNICAL

Current Spot: 18390.95
Pivot: 18348
5DEMA: 18129
10DEMA: 17998
20DEMA: 17836
50DEMA: 17405
Parabolic SAR: 17322
RSI (14 days): 67.90
Supports: 18286 - 18182 - 18120
Resistance: 18453 - 18514 - 18619

Bank Nifty Future VWAP: 18422.16
Bank Nifty Future VIX Range: 18277 - 18693
MP Values Bank Nifty Future: VAH - 18478, POC - 18405, VAL - 18332

Thanks and Regards

MarketPulse S&P