Market outlook for 08/08/2016

Nifty closed up 132.05 points (1.54%) at 8683.15 while Future closed at 8708.20, premium of 25.05 points.
Bank Nifty closed up 354.25 points (1.91%) at 18925.95 while Future closed at 19011.35, premium of 85.40 points.

• FII bought in Cash (Net buy 435.63 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2461.54 Crore)
• DII bought in Cash (Net buy 616.32 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 1212:397.
• McClellan's oscillator for NSE at -12.

NIFTY TECHNICAL

Current Spot: 8683.15
Pivot: 8654
5DEMA: 8616
10DEMA: 8600
20DEMA: 8544
50DEMA: 8363
Parabolic SAR: 8700
RSI (14 days): 65.35
Supports: 8619 - 8555 - 8520
Resistance: 8718 - 8753 - 8818

Nifty Future VWAP: 8681.09
Nifty Future VIX Range: 8642 - 8770
MP Values Nifty Future: VAH - 8687, POC - 8667, VAL - 8650

BANKNIFTY TECHNICAL

Current Spot: 18925.95
Pivot: 18859
5DEMA: 18770
10DEMA: 18777
20DEMA: 18668
50DEMA: 18171
Parabolic SAR: 19086
RSI (14 days): 60.36
Supports: 18775 - 18624 - 18540
Resistance: 19010 - 19094 - 19245

Bank Nifty Future VWAP: 18959.06
Bank Nifty Future VIX Range: 18814 - 19190
MP Values Bank Nifty Future: VAH - 19001, POC - 18945, VAL - 18889

Thanks and Regards

MarketPulse S&P