Market outlook for 27/07/2016

Nifty closed down 45.00 points (0.52%) at 8590.65 while Future closed at 8592.85, premium of 2.20 points.
Bank Nifty closed down 128.75 points (0.68%) at 18860.85 while Future closed at 18864.10, premium of 3.25 points.

• FII bought in Cash (Net buy 670.89 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 716.95 Crore)
• DII sold in Cash (Net sell 418.29 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 538:1075.
• McClellan's oscillator for NSE at -06.

NIFTY TECHNICAL

Current Spot: 8590.65
Pivot: 8604
5DEMA: 8574
10DEMA: 8536
20DEMA: 8455
50DEMA: 8286
Parabolic SAR: 8510
RSI (14 days): 64.98
Supports: 8564 - 8536 - 8469
Resistance: 8631 - 8672 - 8740

Nifty Future VWAP: 8629.37
Nifty Future VIX Range: 8520 - 8650
MP Values Nifty Future: VAH - 8650, POC - 8637, VAL - 8615

BANKNIFTY TECHNICAL

Current Spot: 18860.85
Pivot: 18907
5DEMA: 18847
10DEMA: 18753
20DEMA: 18507
50DEMA: 17991
Parabolic SAR: 19134
RSI (14 days): 63.66
Supports: 18769 - 18676 - 18446
Resistance: 18999 - 19137 - 19367

Bank Nifty Future VWAP: 18974.31
Bank Nifty Future VIX Range: 18666 - 19054
MP Values Bank Nifty Future: VAH - 19065, POC - 19003, VAL - 18933

Thanks and Regards

MarketPulse S&P