Market outlook for 20/01/2016

Nifty closed up 84.10 points (1.14%) at 7435.10 while Future closed at 7438.10, premium of 3.00 points.
Bank Nifty closed up 248.85 points (1.66%) at 15269.65 while Future closed at 15272.95, premium of 3.30 points.

• FII sold in Cash (Net sell 857.70 Crore)
• FII bought in index future, stock future and in index option (Net buy 1261.73 Crore)
• DII bought huge in Cash (Net buy 1386.83 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 1149:428.
• McClellan's oscillator for NSE at -85.

NIFTY TECHNICAL

Current Spot: 7435.10
Pivot: 7421
5DEMA: 7457
10DEMA: 7533
20DEMA: 7630
50DEMA: 7779
Parabolic SAR: 7637
RSI (14 days): 34.89
Supports: 7379 - 7322 - 7280
Resistance: 7477 - 7519 - 7576

Nifty Future VWAP: 7426.82
Nifty Future VIX Range: 7368 - 7510
MP Values Nifty Future: VAH - 7459, POC - 7432, VAL - 7405

BANKNIFTY TECHNICAL

Current Spot: 15269.65
Pivot: 15232
5DEMA: 15384
10DEMA: 15686
20DEMA: 16062
50DEMA: 16583
Parabolic SAR: 16047
RSI (14 days): 29.38
Supports: 15125 - 14980 - 14873
Resistance: 15376 - 15483 - 15628

Bank Nifty Future VWAP: 15256.82
Bank Nifty Future VIX Range: 15090 - 15494
MP Values Bank Nifty Future: VAH - 15335, POC - 15275, VAL - 15215

Thanks and Regards

MarketPulse S&P