Market outlook for 24/05/2016

Nifty closed down 18.65 points (0.24%) at 7731.05 while Future closed at 7744.85, premium of 13.80 points.
Bank Nifty closed down 73.90 points (0.45%) at 16407.55 while Future closed at 16429.40, premium of 21.85 points.

• FII sold in Cash (Net sell 65.60 Crore)
• FII bought in index future, index option and in stock future (Net buy 1695.09 Crore)
• DII sold in Cash (Net sell 167.77 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 587:982.
• McClellan's oscillator for NSE at -50.

NIFTY TECHNICAL

Current Spot: 7731.05
Pivot: 7758
5DEMA: 7783
10DEMA: 7806
20DEMA: 7805
50DEMA: 7694
Parabolic SAR: 7722
RSI (14 days): 46.02
Supports: 7695 - 7660 - 7597
Resistance: 7794 - 7856 - 7892

Nifty Future VWAP: 7774.21
Nifty Future VIX Range: 7671 - 7807
MP Values Nifty Future: VAH - 7797, POC - 7777, VAL - 7757

BANKNIFTY TECHNICAL

Current Spot: 16407.55
Pivot: 16460
5DEMA: 16545
10DEMA: 16594
20DEMA: 16539
50DEMA: 16076
Parabolic SAR: 16289
RSI (14 days): 49.32
Supports: 16316 - 16224 - 16080
Resistance: 16552 - 16696 - 16788

Bank Nifty Future VWAP: 16517.88
Bank Nifty Future VIX Range: 16213 - 16577
MP Values Bank Nifty Future: VAH - 16584, POC - 16522, VAL - 16460

Thanks and Regards

MarketPulse S&P