Market outlook for 19/07/2016

Nifty closed down 32.70 points (0.38%) at 8508.70 while Future closed at 8520.50, premium of 11.80 points.
Bank Nifty closed down 30.25 points (0.16%) at 18923.40 while Future closed at 18959.00, premium of 35.60 points.

• FII bought in Cash (Net buy 439.09 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1039.80 Crore)
• DII sold in Cash (Net sell 599.09 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 613:1020.
• McClellan's oscillator for NSE at -17.

NIFTY TECHNICAL

Current Spot: 8508.70
Pivot: 8530
5DEMA: 8508
10DEMA: 8452
20DEMA: 8362
50DEMA: 8205
Parabolic SAR: 8303
RSI (14 days): 66.10
Supports: 8473 - 8437 - 8380
Resistance: 8566 - 8623 - 8659

Nifty Future VWAP: 8565.28
Nifty Future VIX Range: 8443 - 8579
MP Values Nifty Future: VAH - 8603, POC - 8587, VAL - 8536

BANKNIFTY TECHNICAL

Current Spot: 18923.40
Pivot: 18989
5DEMA: 18770
10DEMA: 18530
20DEMA: 18225
50DEMA: 17690
Parabolic SAR: 18195
RSI (14 days): 73.48
Supports: 18820 - 18716 - 18547
Resistance: 19093 - 19262 - 19366

Bank Nifty Future VWAP: 19066.23
Bank Nifty Future VIX Range: 18726 - 19124
MP Values Bank Nifty Future: VAH - 19125, POC - 19057, VAL - 18989

Thanks and Regards

MarketPulse S&P