Market outlook for 18/07/2016

Nifty closed down 23.60 points (0.28%) at 8541.40 while Future closed at 8554.85, premium of 13.45 points.
Bank Nifty closed up 89.90 points (0.48%) at 18953.65 while Future closed at 18974.35, premium of 20.70 points.

• FII bought huge in Cash (Net buy 1461.26 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 767.27 Crore)
• DII sold in Cash (Net sell 1033.97 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 532:1072.
• McClellan's oscillator for NSE at -04.

NIFTY TECHNICAL

Current Spot: 8541.40
Pivot: 8549
5DEMA: 8507
10DEMA: 8439
20DEMA: 8347
50DEMA: 8193
Parabolic SAR: 8248
RSI (14 days): 69.63
Supports: 8503 - 8464 - 8418
Resistance: 8587 - 8634 - 8672

Nifty Future VWAP: 8559.43
Nifty Future VIX Range: 8487 - 8628
MP Values Nifty Future: VAH - 8578, POC - 8559, VAL - 8540

BANKNIFTY TECHNICAL

Current Spot: 18953.65
Pivot: 18914
5DEMA: 18693
10DEMA: 18443
20DEMA: 18151
50DEMA: 17640
Parabolic SAR: 17983
RSI (14 days): 74.62
Supports: 18812 - 18670 - 18568
Resistance: 19056 - 19158 - 19299

Bank Nifty Future VWAP: 18932.76
Bank Nifty Future VIX Range: 18775 - 19185
MP Values Bank Nifty Future: VAH - 19019, POC - 18948, VAL - 18877

Thanks and Regards

MarketPulse S&P