Market outlook for 22/05/2015

Nifty closed down 2.25 points (0.03%) at 8421.00 while Future closed at 8419.10, discount of 1.90 points.
Bank Nifty closed down 42.00 points (0.23%) at 18513.15 while Future closed at 18500.40, discount of 13.11 points.

• FII sold in Cash (Net sell 186.26 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 388.86 Crore)
• DII bought in Cash (Net buy 404.01 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 609:882.
• McClellan's oscillator for NSE at +33.

NIFTY TECHNICAL

Current Spot: 8421.00
Pivot: 8417
5DEMA: 8371
10DEMA: 8328
20DEMA: 8334
50DEMA: 8449
RSI (14 days): 53.21
Parabolic SAR: 8100
Supports: 8387 - 8353 - 8323
Resistance: 8451 - 8480 - 8515

Nifty Future VWAP: 8410.83
Nifty Future VIX Range: 8319 - 8519
MP Values Nifty Future: VAH - 8426, POC - 8412, VAL - 8398

BANKNIFTY TECHNICAL

Current Spot: 18513.15
Pivot: 18505
5DEMA: 18405
10DEMA: 18287
20DEMA: 18248
50DEMA: 18404
RSI (14 days): 54.40
Parabolic SAR: 17497
Supports: 18407 - 18300 - 18201
Resistance: 18612 - 18710 - 18817

Bank Nifty Future VWAP: 18469.61
Bank Nifty Future VIX Range: 18219 - 18820
MP Values Bank Nifty Future: VAH - 18549, POC - 18489, VAL - 18429

Thanks and Regards

MarketPulse S&P