Market outlook for 22/01/2016

Nifty closed down 32.50 points (0.44%) at 7276.80 while Future closed at 7290.85, premium of 14.05 points.
Bank Nifty closed up 165.70 points (1.11%) at 15101.20 while Future closed at 15105.00, premium of 3.80 points.

• FII sold huge in Cash (Net sell 1747.23 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 450.19 Crore)
• DII bought huge in Cash (Net buy 1267.74 Crore)
• Most Active Nifty Call Option: 7400 and 7500.
• Most Active Nifty Put Options: 7300 and 7200.
• Advance Decline for the day was 839:719.
• McClellan's oscillator for NSE at -85.

NIFTY TECHNICAL

Current Spot: 7276.80
Pivot: 7309
5DEMA: 7364
10DEMA: 7453
20DEMA: 7569
50DEMA: 7740
Parabolic SAR: 7528
RSI (14 days): 29.01
Supports: 7218 - 7160 - 7070
Resistance: 7367 - 7457 - 7516

Nifty Future VWAP: 7316.27
Nifty Future VIX Range: 7224 - 7369
MP Values Nifty Future: VAH - 7338, POC - 7308, VAL - 7278

BANKNIFTY TECHNICAL

Current Spot: 15101.20
Pivot: 15128
5DEMA: 15190
10DEMA: 15468
20DEMA: 15873
50DEMA: 16452
Parabolic SAR: 15645
RSI (14 days): 30.39
Supports: 14891 - 14682 - 14445
Resistance: 15338 - 15574 - 15784

Bank Nifty Future VWAP: 15129.26
Bank Nifty Future VIX Range: 14916 - 15334
MP Values Bank Nifty Future: VAH - 15219, POC - 15116, VAL - 15013

Thanks and Regards

MarketPulse S&P