Market outlook for 17/08/2015

Nifty closed up 162.70 points (1.95%) at 8518.55 while Future closed at 8542.70, premium of 24.15 points.
Bank Nifty closed up 548.20 points (3.02%) at 18723.60 while Future closed at 18791.15, premium of 67.55 points.

• FII bought in Cash (Net buy 403.76 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 970.56 Crore)
• DII bought in Cash (Net buy 179.20 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 1082:420.
• McClellan's oscillator for NSE at -35.

NIFTY TECHNICAL

Current Spot: 8518.55
Pivot: 8477
5DEMA: 8456
10DEMA: 8472
20DEMA: 8474
50DEMA: 8421
RSI (14 days): 53.62
Parabolic SAR: 8610
Supports: 8423 - 8328 - 8274
Resistance: 8572 - 8626 - 8721

Nifty Future VWAP: 8497.44
Nifty Future VIX Range: 8465 - 8625
MP Values Nifty Future: VAH - 8543, POC - 8501, VAL - 8459

BANKNIFTY TECHNICAL

Current Spot: 18723.60
Pivot: 18561
5DEMA: 18525
10DEMA: 18596
20DEMA: 18633
50DEMA: 18525
RSI (14 days): 52.11
Parabolic SAR: 19061
Supports: 18356 - 17988 - 17783
Resistance: 18929 - 19134 - 19502

Bank Nifty Future VWAP: 18578.35
Bank Nifty Future VIX Range: 18533 - 19064
MP Values Bank Nifty Future: VAH - 18838, POC - 18690, VAL - 18412

Thanks and Regards

MarketPulse S&P