Market outlook for 21/06/2016

Nifty closed up 68.30 points (0.84%) at 8238.50 while Future closed at 8151.90, premium of 13.40 points.
Bank Nifty closed up 22.55 points (0.13%) at 17718.60 while Future closed at 17728.35, premium of 9.75 points.

• FII sold in Cash (Net sell 537.46 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 2106.62 Crore)
• DII bought in Cash (Net buy 724.06 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 875:677.
• McClellan's oscillator for NSE at +17.

NIFTY TECHNICAL

Current Spot: 8238.50
Pivot: 8197
5DEMA: 8189
10DEMA: 8174
20DEMA: 8123
50DEMA: 7990
Parabolic SAR: 8273
RSI (14 days): 61.89
Supports: 8149 - 8060 - 8012
Resistance: 8286 - 8333 - 8423

Nifty Future VWAP: 8210.53
Nifty Future VIX Range: 8184 - 8318
MP Values Nifty Future: VAH - 8261, POC - 8246, VAL - 8158

BANKNIFTY TECHNICAL

Current Spot: 17718.60
Pivot: 17641
5DEMA: 17727
10DEMA: 17702
20DEMA: 17531
50DEMA: 17058
Parabolic SAR: 17999
RSI (14 days): 59.45
Supports: 17503 - 17288 - 17150
Resistance: 17856 - 17994 - 18210

Bank Nifty Future VWAP: 17683.56
Bank Nifty Future VIX Range: 17530 - 17900
MP Values Bank Nifty Future: VAH - 17793, POC - 17715, VAL - 17606

Thanks and Regards

MarketPulse S&P