Market outlook for 21/05/2015

Nifty closed up 57.60 points (0.69%) at 8423.25 while Future closed at 8424.30, premium of 1.05 points.
Bank Nifty closed up 174.75 points (0.95%) at 18555.15 while Future closed at 18523.60, discount of 31.55 points.

• FII bought in Cash (Net buy 123.49 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1474.46 Crore)
• DII bought in Cash (Net buy 103.58 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 763:727.
• McClellan's oscillator for NSE at +45.

NIFTY TECHNICAL

Current Spot: 8423.25
Pivot: 8418
5DEMA: 8346
10DEMA: 8307
20DEMA: 8325
50DEMA: 8458
RSI (14 days): 53.20
Parabolic SAR: 8070
Supports: 8396 - 8369 - 8347
Resistance: 8445 - 8467 - 8494

Nifty Future VWAP: 8428.64
Nifty Future VIX Range: 8311 - 8517
MP Values Nifty Future: VAH - 8440, POC - 8428, VAL - 8416

BANKNIFTY TECHNICAL

Current Spot: 18555.15
Pivot: 18536
5DEMA: 18350
10DEMA: 18237
20DEMA: 18220
50DEMA: 18414
RSI (14 days): 55.08
Parabolic SAR: 17400
Supports: 18452 - 18349 - 18265
Resistance: 18639 - 18723 - 18826

Bank Nifty Future VWAP: 18533.69
Bank Nifty Future VIX Range: 18203 - 18823
MP Values Bank Nifty Future: VAH - 18581, POC - 18541, VAL - 18501

Thanks and Regards

MarketPulse S&P