Market outlook for 20/05/2016

Nifty closed down 86.75 points (1.10%) at 7783.40 while Future closed at 7785.10, premium of 1.70 points.
Bank Nifty closed down 163.70 points (0.98%) at 16565.25 while Future closed at 16563.65, discount of 1.60 points.

• FII sold in Cash (Net sell 764.58 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1179.87 Crore)
• DII bought in Cash (Net buy 1483.65 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 436:1105.
• McClellan's oscillator for NSE at -30.

NIFTY TECHNICAL

Current Spot: 7783.40
Pivot: 7809
5DEMA: 7838
10DEMA: 7839
20DEMA: 7820
50DEMA: 7700
Parabolic SAR: 7712
RSI (14 days): 49.25
Supports: 7741 - 7699 - 7632
Resistance: 7851 - 7918 - 7960

Nifty Future VWAP: 7822.84
Nifty Future VIX Range: 7706 - 7851
MP Values Nifty Future: VAH - 7854, POC - 7831, VAL - 7808

BANKNIFTY TECHNICAL

Current Spot: 16565.25
Pivot: 16609
5DEMA: 16680
10DEMA: 16669
20DEMA: 16562
50DEMA: 16080
Parabolic SAR: 16261
RSI (14 days): 53.58
Supports: 16491 - 16419 - 16302
Resistance: 16682 - 16799 - 16873

Bank Nifty Future VWAP: 16640.16
Bank Nifty Future VIX Range: 16366 - 16754
MP Values Bank Nifty Future: VAH - 16712, POC - 16655, VAL - 16598

Thanks and Regards

MarketPulse S&P