Market outlook for 26/07/2016

Nifty closed up 94.45 points (1.11%) at 8635.65 while Future closed at 8639.70, premium of 4.05 points.
Bank Nifty closed up 299.20 points (1.60%) at 18989.60 while Future closed at 19012.55, premium of 22.95 points.

• FII bought in Cash (Net buy 891.01 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 430.45 Crore)
• DII sold in Cash (Net sell 67.89 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 1078:528.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 8635.65
Pivot: 8598
5DEMA: 8565
10DEMA: 8523
20DEMA: 8440
50DEMA: 8265
Parabolic SAR: 8480
RSI (14 days): 69.91
Supports: 8555 - 8474 - 8431
Resistance: 8679 - 8722 - 8803

Nifty Future VWAP: 8598.82
Nifty Future VIX Range: 8571 - 8703
MP Values Nifty Future: VAH - 8632, POC - 8592, VAL - 8552

BANKNIFTY TECHNICAL

Current Spot: 18989.60
Pivot: 18866
5DEMA: 18840
10DEMA: 18729
20DEMA: 18469
50DEMA: 17930
Parabolic SAR: 19146
RSI (14 days): 68.27
Supports: 18696 - 18402 - 18233
Resistance: 19159 - 19329 - 19623

Bank Nifty Future VWAP: 18882.65
Bank Nifty Future VIX Range: 18797 - 19193
MP Values Bank Nifty Future: VAH - 19076, POC - 18989, VAL - 18782

Thanks and Regards

MarketPulse S&P