Market outlook for 13/05/2016

Nifty closed up 51.55 points (0.66%) at 7900.40 while Future closed at 7928.20, premium of 27.80 points.
Bank Nifty closed up 169.25 points (1.01%) at 16923.70 while Future closed at 16986.40, premium of 62.70 points.

• FII bought in Cash (Net buy 24.14 Crore)
• FII bought in index future, index option, and in stock future (Net buy 835.89 Crore)
• DII bought in Cash (Net buy 258.35 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 996:543.
• McClellan's oscillator for NSE at -02.

NIFTY TECHNICAL

Current Spot: 7900.40
Pivot: 7889
5DEMA: 7855
10DEMA: 7836
20DEMA: 7804
50DEMA: 7644
Parabolic SAR: 7678
RSI (14 days): 59.93
Supports: 7861 - 7822 - 7795
Resistance: 7928 - 7955 - 7994

Nifty Future VWAP: 7909.49
Nifty Future VIX Range: 7856 - 8008
MP Values Nifty Future: VAH - 7927, POC - 7908, VAL - 7889

BANKNIFTY TECHNICAL

Current Spot: 16923.70
Pivot: 16888
5DEMA: 16734
10DEMA: 16637
20DEMA: 16473
50DEMA: 15905
Parabolic SAR: 16186
RSI (14 days): 65.60
Supports: 16815 - 16706 - 16632
Resistance: 16997 - 17071 - 17180

Bank Nifty Future VWAP: 16939.15
Bank Nifty Future VIX Range: 16804 - 17234
MP Values Bank Nifty Future: VAH - 16971, POC - 16927, VAL - 16883

Thanks and Regards

MarketPulse S&P