Market outlook for 23/05/2016

Nifty closed down 33.70 points (0.43%) at 7749.70 while Future closed at 7763.35, premium of 13.65 points.
Bank Nifty closed down 83.80 points (0.51%) at 16481.45 while Future closed at 16505.85, premium of 24.40 points.

• FII sold in Cash (Net sell 743.86 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 783.56 Crore)
• DII bought in Cash (Net buy 597.49 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 455:1107.
• McClellan's oscillator for NSE at -45.

NIFTY TECHNICAL

Current Spot: 7749.70
Pivot: 7766
5DEMA: 7808
10DEMA: 7823
20DEMA: 7813
50DEMA: 7704
Parabolic SAR: 7721
RSI (14 days): 46.91
Supports: 7720 - 7689 - 7643
Resistance: 7796 - 7843 - 7873

Nifty Future VWAP: 7792.92
Nifty Future VIX Range: 7696 - 7836
MP Values Nifty Future: VAH - 7815, POC - 7797, VAL - 7779

BANKNIFTY TECHNICAL

Current Spot: 16481.45
Pivot: 16520
5DEMA: 16614
10DEMA: 16635
20DEMA: 16554
50DEMA: 16100
Parabolic SAR: 16275
RSI (14 days): 51.03
Supports: 16417 - 16352 - 16249
Resistance: 16585 - 16688 - 16752

Bank Nifty Future VWAP: 16564.96
Bank Nifty Future VIX Range: 16322 - 16698
MP Values Bank Nifty Future: VAH - 16635, POC - 16578, VAL - 16521

Thanks and Regards

MarketPulse S&P