Market outlook for 19/01/2016

Nifty closed down 86.80 points (1.05%) at 7351.00 while Future closed at 7372.25, premium of 21.25 points.
Bank Nifty closed down 185.50 points (1.22%) at 15020.80 while Future closed at 15050.90, premium of 30.10 points.

• FII sold huge in Cash (Net sell 1203.84 Crore)
• FII sold stock future, index option but bought in index future (Net sell 135.87 Crore)
• DII bought huge in Cash (Net buy 1122.80 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 158:1451.
• McClellan's oscillator for NSE at -128.

NIFTY TECHNICAL

Current Spot: 7351.00
Pivot: 7384
5DEMA: 7468
10DEMA: 7555
20DEMA: 7650
50DEMA: 7793
Parabolic SAR: 7686
RSI (14 days): 27.82
Supports: 7304 - 7256 - 7176
Resistance: 7431 - 7511 - 7558

Nifty Future VWAP: 7419.55
Nifty Future VIX Range: 7298 - 7438
MP Values Nifty Future: VAH - 7452, POC - 7429, VAL - 7406

BANKNIFTY TECHNICAL

Current Spot: 15020.80
Pivot: 15083
5DEMA: 15440
10DEMA: 15779
20DEMA: 16145
50DEMA: 16637
Parabolic SAR: 16254
RSI (14 days): 21.64
Supports: 14895 - 14769 - 14582
Resistance: 15208 - 15396 - 15522

Bank Nifty Future VWAP: 15158.20
Bank Nifty Future VIX Range: 14880 - 15270
MP Values Bank Nifty Future: VAH - 15227, POC - 15145, VAL - 15063

Thanks and Regards

MarketPulse S&P