Market outlook for 01/09/2016

Nifty closed up 41.85 points (0.48%) at 8786.20 while Future closed at 8836.15, premium of 49.95 points.
Bank Nifty closed up 256.05 points (1.31%) at 19787.60 while Future closed at 19859.95, premium of 75.55 points.

• FII bought in Cash (Net buy 854.19 Crore)
• FII bought in index future, index option and in stock future (Net buy 3570.96 Crore)
• DII bought in Cash (Net buy 847.70 Crore)
• Most Active Nifty Call Option: 8900 and 9000.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 757:855.
• McClellan's oscillator for NSE at +00.

NIFTY TECHNICAL

Current Spot: 8786.20
Pivot: 8786
5DEMA: 8698
10DEMA: 8668
20DEMA: 8638
50DEMA: 8531
Parabolic SAR: 8549
RSI (14 days): 64.98
Supports: 8754 - 8721 - 8689
Resistance: 8819 - 8852 - 8884

Nifty Future VWAP: 8834.81
Nifty Future VIX Range: 8778 - 8900
MP Values Nifty Future: VAH - 8847, POC - 8829, VAL - 8811

BANKNIFTY TECHNICAL

Current Spot: 19787.60
Pivot: 19736
5DEMA: 19491
10DEMA: 19359
20DEMA: 19177
50DEMA: 18769
Parabolic SAR: 19132
RSI (14 days): 71.73
Supports: 19648 - 19508 - 19420
Resistance: 19875 - 19963 - 20103

Bank Nifty Future VWAP: 19811.12
Bank Nifty Future VIX Range: 19673 - 20041
MP Values Bank Nifty Future: VAH - 19922, POC - 19865, VAL - 19772

Thanks and Regards

MarketPulse S&P