Market outlook for 09/08/2016

Nifty closed up 28.20 points (0.32%) at 8711.35 while Future closed at 8742.30, premium of 30.95 points.
Bank Nifty closed up 13.50 points (0.07%) at 18939.45 while Future closed at 19012.60, premium of 73.15 points.

• FII bought huge in Cash (Net buy 1156.19 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 646.30 Crore)
• DII sold in Cash (Net sell 876.34 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 904:726.
• McClellan's oscillator for NSE at -04.

NIFTY TECHNICAL

Current Spot: 8711.35
Pivot: 8711
5DEMA: 8648
10DEMA: 8621
20DEMA: 8560
50DEMA: 8386
Parabolic SAR: 8518
RSI (14 days): 66.73
Supports: 8698 - 8685 - 8672
Resistance: 8724 - 8737 - 8750

Nifty Future VWAP: 8742.99
Nifty Future VIX Range: 8667 - 8791
MP Values Nifty Future: VAH - 8750, POC - 8742, VAL - 8734

BANKNIFTY TECHNICAL

Current Spot: 18939.45
Pivot: 18955
5DEMA: 18826
10DEMA: 18806
20DEMA: 18695
50DEMA: 18231
Parabolic SAR: 19061
RSI (14 days): 60.48
Supports: 18881 - 18822 - 18748
Resistance: 19013 - 19087 - 19146

Bank Nifty Future VWAP: 19032.54
Bank Nifty Future VIX Range: 18818 - 19182
MP Values Bank Nifty Future: VAH - 19087, POC - 19050, VAL - 19013

Thanks and Regards

MarketPulse S&P