Market outlook for 23/08/2016

Nifty closed down 37.75 points (0.44%) at 8629.15 while Future closed at 8633.20, premium of 4.05 points.
Bank Nifty closed down 84.45 points (0.43%) at 19330.25 while Future closed at 19340.40, premium of 10.15 points.

• FII sold in Cash (Net sell 300.50 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 765.36 Crore)
• DII bought in Cash (Net buy 52.50 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 699:902.
• McClellan's oscillator for NSE at -02.

NIFTY TECHNICAL

Current Spot: 8629.15
Pivot: 8643
5DEMA: 8645
10DEMA: 8640
20DEMA: 8686
50DEMA: 8453
Parabolic SAR: 8575
RSI (14 days): 55.47
Supports: 8600 - 8572 - 8530
Resistance: 8671 - 8714 - 8742

Nifty Future VWAP: 8642.63
Nifty Future VIX Range: 8575 - 8687
MP Values Nifty Future: VAH - 8651, POC - 8638, VAL - 8625

BANKNIFTY TECHNICAL

Current Spot: 19330.25
Pivot: 19359
5DEMA: 19234
10DEMA: 19097
20DEMA: 18933
50DEMA: 18460
Parabolic SAR: 18627
RSI (14 days): 65.50
Supports: 19224 - 19118 - 18984
Resistance: 19465 - 19599 - 19705

Bank Nifty Future VWAP: 19344.30
Bank Nifty Future VIX Range: 19166 - 19535
MP Values Bank Nifty Future: VAH - 19378, POC - 19321, VAL - 19264

Thanks and Regards

MarketPulse S&P