Market outlook for 04/08/2016

Nifty closed down 78.05 points (0.91%) at 8544.85 while Future closed at 8582.55, premium of 37.70 points.
Bank Nifty closed down 106.25 points (0.57%) at 18602.00 while Future closed at 18693.20, premium of 91.20 points.

• FII bought in Cash (Net buy 578.17 Crore)
• FII sold in index future, stock future but bought index option (Net sell 976.69 Crore)
• DII sold in Cash (Net sell 800.75 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 407:1213.
• McClellan's oscillator for NSE at -55.

NIFTY TECHNICAL

Current Spot: 8544.85
Pivot: 8570
5DEMA: 8599
10DEMA: 8589
20DEMA: 8528
50DEMA: 8342
Parabolic SAR: 8711
RSI (14 days): 55.99
Supports: 8504 - 8464 - 8399
Resistance: 8610 - 8676 - 8716

Nifty Future VWAP: 8608.99
Nifty Future VIX Range: 8516 - 8634
MP Values Nifty Future: VAH - 8627, POC - 8608, VAL - 8589

BANKNIFTY TECHNICAL

Current Spot: 18602.00
Pivot: 18640
5DEMA: 18752
10DEMA: 18782
20DEMA: 18648
50DEMA: 18131
Parabolic SAR: 19127
RSI (14 days): 52.47
Supports: 18505 - 18407 - 18272
Resistance: 18737 - 18873 - 18970

Bank Nifty Future VWAP: 18764.60
Bank Nifty Future VIX Range: 18528 - 18876
MP Values Bank Nifty Future: VAH - 18833, POC - 18771, VAL - 18709

Thanks and Regards

MarketPulse S&P