Market outlook for 05/08/2016

Nifty closed up 6.25 points (0.07%) at 8551.10 while Future closed at 8594.40, premium of 43.30 points.
Bank Nifty closed down 30.30 points (0.16%) at 18571.70 while Future closed at 18704.60, premium of 132.90 points.

• FII bought in Cash (Net buy 559.49 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2476.27 Crore)
• DII sold in Cash (Net sell 527.11 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 856:752.
• McClellan's oscillator for NSE at -44.

NIFTY TECHNICAL

Current Spot: 8551.10
Pivot: 8557
5DEMA: 8583
10DEMA: 8582
20DEMA: 8530
50DEMA: 8348
Parabolic SAR: 8707
RSI (14 days): 56.56
Supports: 8512 - 8474 - 8429
Resistance: 8596 - 8640 - 8679

Nifty Future VWAP: 8584.95
Nifty Future VIX Range: 8548 - 8662
MP Values Nifty Future: VAH - 8619, POC - 8594, VAL - 8569

BANKNIFTY TECHNICAL

Current Spot: 18571.70
Pivot: 18580
5DEMA: 18692
10DEMA: 18743
20DEMA: 18641
50DEMA: 18140
Parabolic SAR: 19113
RSI (14 days): 51.63
Supports: 18435 - 18299 - 18154
Resistance: 18717 - 18861 - 18998

Bank Nifty Future VWAP: 18642.64
Bank Nifty Future VIX Range: 18586 - 18924
MP Values Bank Nifty Future: VAH - 18754, POC - 18673, VAL - 18592

Thanks and Regards

MarketPulse S&P