Market outlook for 17/05/2016

Nifty closed up 45.85 points (0.59%) at 7860.75 while Future closed at 7887.20, premium of 26.45 points.
Bank Nifty closed up 20.65 points (0.12%) at 16737.55 while Future closed at 16788.65, premium of 51.10 points.

• FII sold in Cash (Net sell 79.84 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 617.20 Crore)
• DII sold in Cash (Net sell 127.91 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 761:787.
• McClellan's oscillator for NSE at -13.

NIFTY TECHNICAL

Current Spot: 7860.75
Pivot: 7836
5DEMA: 7848
10DEMA: 7837
20DEMA: 7811
50DEMA: 7665
Parabolic SAR: 7688
RSI (14 days): 56.05
Supports: 7797 - 7734 - 7696
Resistance: 7899 - 7937 - 8001

Nifty Future VWAP: 7837.24
Nifty Future VIX Range: 7809 - 7961
MP Values Nifty Future: VAH - 7852, POC - 7819, VAL - 7786

BANKNIFTY TECHNICAL

Current Spot: 16716.90
Pivot: 16650
5DEMA: 16731
10DEMA: 16667
20DEMA: 16520
50DEMA: 15985
Parabolic SAR: 16217
RSI (14 days): 59.59
Supports: 16519 - 16301 - 16171
Resistance: 16868 - 16998 - 17216

Bank Nifty Future VWAP: 16619.56
Bank Nifty Future VIX Range: 16582 - 16998
MP Values Bank Nifty Future: VAH - 16717, POC - 16613, VAL - 16509

Thanks and Regards

MarketPulse S&P