Market outlook for 21/07/2016

Nifty closed up 37.30 points (0.44%) at 8565.85 while Future closed at 8584.15, premium of 18.30 points.
Bank Nifty closed up 63.05 points (0.33%) at 18968.20 while Future closed at 19031.70, premium of 63.50 points.

• FII bought in Cash (Net buy 215.21 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1026.80 Crore)
• DII sold in Cash (Net sell 45.45 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 1074:519.
• McClellan's oscillator for NSE at -01.

NIFTY TECHNICAL

Current Spot: 8565.85
Pivot: 8549
5DEMA: 8532
10DEMA: 8484
20DEMA: 8396
50DEMA: 8232
Parabolic SAR: 8389
RSI (14 days): 69.15
Supports: 8529 - 8492 - 8472
Resistance: 8586 - 8607 - 8644

Nifty Future VWAP: 8575.03
Nifty Future VIX Range: 8524 - 8656
MP Values Nifty Future: VAH - 8581, POC - 8570, VAL - 8559

BANKNIFTY TECHNICAL

Current Spot: 18968.20
Pivot: 18957
5DEMA: 18866
10DEMA: 18666
20DEMA: 18354
50DEMA: 17795
Parabolic SAR: 18542
RSI (14 days): 73.64
Supports: 18898 - 18827 - 18768
Resistance: 19028 - 19087 - 19157

Bank Nifty Future VWAP: 19027.14
Bank Nifty Future VIX Range: 18845 - 19223
MP Values Bank Nifty Future: VAH - 19056, POC - 19026, VAL - 18996

Thanks and Regards

MarketPulse S&P