Market outlook for 20/06/2016

Nifty closed up 29.45 points (0.36%) at 8170.20 while Future closed at 8174.40, premium of 4.20 points.
Bank Nifty closed up 24.75 points (0.14%) at 17696.05 while Future closed at 17699.15, premium of 3.10 points.

• FII bought in Cash (Net buy 31.96 Crore)
• FII sold in index future, stock future and in index option (Net sell 1273.03 Crore)
• DII sold in Cash (Net sell 26.21 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 749:800.
• McClellan's oscillator for NSE at +11.

NIFTY TECHNICAL

Current Spot: 8170.20
Pivot: 8167
5DEMA: 8164
10DEMA: 8160
20DEMA: 8111
50DEMA: 7963
Parabolic SAR: 8277
RSI (14 days): 58.14
Supports: 8139 - 8108 - 8079
Resistance: 8198 - 8227 - 8258

Nifty Future VWAP: 8185.11
Nifty Future VIX Range: 8098 - 8229
MP Values Nifty Future: VAH - 8198, POC - 8184, VAL - 8170

BANKNIFTY TECHNICAL

Current Spot: 17696.05
Pivot: 17710
5DEMA: 17731
10DEMA: 17699
20DEMA: 17510
50DEMA: 16988
Parabolic SAR: 18011
RSI (14 days): 59.32
Supports: 17577 - 17458 - 17324
Resistance: 17829 - 17962 - 18082

Bank Nifty Future VWAP: 17743.96
Bank Nifty Future VIX Range: 17499 - 17881
MP Values Bank Nifty Future: VAH - 17843, POC - 17769, VAL - 17695

Thanks and Regards

MarketPulse S&P