Market outlook for 22/07/2016

Nifty closed down 55.75 points (0.65%) at 8510.10 while Future closed at 8519.75, premium of 9.65 points.
Bank Nifty closed down 293.90 points (1.55%) at 18674.30 while Future closed at 18.70, premium of 47.80 points.

• FII bought in Cash (Net buy 420.22 Crore)
• FII bought in index option, index future but sold in stock future (Net buy 983.87 Crore)
• DII sold in Cash (Net sell 372.40 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 585:1018.
• McClellan's oscillator for NSE at -15.

NIFTY TECHNICAL

Current Spot: 8510.10
Pivot: 8533
5DEMA: 8524
10DEMA: 8489
20DEMA: 8407
50DEMA: 8242
Parabolic SAR: 8422
RSI (14 days): 62.95
Supports: 8481 - 8451 - 8399
Resistance: 8562 - 8615 - 8644

Nifty Future VWAP: 8551.42
Nifty Future VIX Range: 8454 - 8584
MP Values Nifty Future: VAH - 8570, POC - 8548, VAL - 8526

BANKNIFTY TECHNICAL

Current Spot: 18674.30
Pivot: 18773
5DEMA: 18802
10DEMA: 18667
20DEMA: 18385
50DEMA: 17851
Parabolic SAR: 18645
RSI (14 days): 62.37
Supports: 18546 - 18417 - 18190
Resistance: 18902 - 19129 - 19257

Bank Nifty Future VWAP: 18853.91
Bank Nifty Future VIX Range: 18510 - 18900
MP Values Bank Nifty Future: VAH - 18977, POC - 18868, VAL - 18759

Thanks and Regards

MarketPulse S&P