Market outlook for 16/05/2016

Nifty closed down 85.50 points (1.08%) at 7814.90 while Future closed at 7830.55, premium of 15.65 points.
Bank Nifty closed down 206.80 points (1.22%) at 16716.90 while Future closed at 16738.10, premium of 21.20 points.

• FII bought in Cash (Net buy 1493.88 Crore)
• FII sold in index future, index option, and in stock future (Net sell 1059.93 Crore)
• DII bought in Cash (Net buy 667.03 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 564:992.
• McClellan's oscillator for NSE at -15.

NIFTY TECHNICAL

Current Spot: 7814.90
Pivot: 7827
5DEMA: 7842
10DEMA: 7832
20DEMA: 7806
50DEMA: 7668
Parabolic SAR: 7683
RSI (14 days): 52.77
Supports: 7772 - 7730 - 7676
Resistance: 7869 - 7924 - 7966

Nifty Future VWAP: 7830.57
Nifty Future VIX Range: 7756 - 7909
MP Values Nifty Future: VAH - 7861, POC - 7832, VAL - 7803

BANKNIFTY TECHNICAL

Current Spot: 16716.90
Pivot: 16734
5DEMA: 16728
10DEMA: 16652
20DEMA: 16498
50DEMA: 15982
Parabolic SAR: 16202
RSI (14 days): 58.82
Supports: 16577 - 16437 - 16280
Resistance: 16874 - 17032 - 17171

Bank Nifty Future VWAP: 16746.86
Bank Nifty Future VIX Range: 16529 - 16957
MP Values Bank Nifty Future: VAH - 16804, POC - 16699, VAL - 16603

Thanks and Regards

MarketPulse S&P